When a limited liability company is formed, a statement of the acts performed on behalf of the company being formed, with an indication, for each of them, of the commitment that would result for the company, is presented to the partners before the Articles of Association are signed.
This statement is appended to the Articles of Association, the signing of which entails the assumption of the commitments by the company, when the latter has been registered in the Trade and Companies Register.
In addition, the partners may, in the Articles of Association or by separate deed, give a mandate to one or more of them or to the non-partner manager who has been appointed, to enter into commitments on behalf of the company. Provided that the commitments are specific and that the terms and conditions are set out in the mandate, the registration of the company in the Trade and Companies Register entails the assumption of these commitments by the company.