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Latvijas Republikas Uzņēmumu Reģistrs

Changes in the composition of the council of a LLC (SIA)

1. Summary

The decision on the changes in the composition of the council is taken by the shareholders’ meeting. The shareholders’ meeting may decide on the appointment or dismissal of each member of the council separately. If the regulations on the election of the council applicable to joint stock companies are laid down in the articles of association, the shareholders’ meeting must elect the entire council at the same time. A member of the council is entitled to resign at own initiative.

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