Law 14/2015, of December 3, amending the statutes of the company Ramaders d'Andorra, SA.
Country
Type of law
Legislation
Abstract
This law modifies the statutes of the public company "Ramaders d’Andorra, SA." Originally established in 1998 to support livestock farmers by facilitating the commercialization of livestock and related products, the company has evolved in response to sector demands. This law updates its legal framework to align with newer corporate legislation and to ensure the company can continue fulfilling its public service role, especially in managing the National Slaughterhouse of Andorra if needed.
The law expands the company’s corporate purpose to include not only the commercialization and support of livestock farming but also the slaughter, processing, distribution, and sale of meat products. It also allows the company to manage public or private slaughterhouses, ensuring continuity of public services in case of private sector withdrawal.
The annexed statutes detail the company’s structure, including its indefinite duration, capital composition, shareholder rights and obligations, and governance mechanisms. The statutes emphasize government majority ownership, financial oversight, and operational transparency. They also outline procedures for shareholder admission, rights to dividends and information, and rules for general meetings and board operations. The company is empowered to act directly or through subsidiaries and must comply with Andorran corporate and financial laws.
The law expands the company’s corporate purpose to include not only the commercialization and support of livestock farming but also the slaughter, processing, distribution, and sale of meat products. It also allows the company to manage public or private slaughterhouses, ensuring continuity of public services in case of private sector withdrawal.
The annexed statutes detail the company’s structure, including its indefinite duration, capital composition, shareholder rights and obligations, and governance mechanisms. The statutes emphasize government majority ownership, financial oversight, and operational transparency. They also outline procedures for shareholder admission, rights to dividends and information, and rules for general meetings and board operations. The company is empowered to act directly or through subsidiaries and must comply with Andorran corporate and financial laws.
Attached files
Web site
Date of text
Repealed
No
Source language
English
Legislation Amendment
No
Original title
Llei 14/2015, del 3 de desembre, de modificació dels estatuts de la societat Ramaders d’Andorra, SA.