alapszabályzata

The term alapszabályzata translates from Hungarian to English as "articles of association" or "statutes." It refers to the foundational document that establishes and governs a legal entity, most commonly a company or an association. This document outlines the fundamental rules and principles under which the organization will operate.

Key provisions typically included in an alapszabályzata are the name and registered office of the entity, its purpose and scope of activities, the initial capital or membership contributions, and the structure of its governance. It details the rights and obligations of members or shareholders, the procedures for decision-making, and the methods for appointing and dismissing management bodies, such as the board of directors or the management committee.

Furthermore, the alapszabályzata often specifies rules regarding profit distribution, the dissolution of the entity, and the procedures for amending the document itself. It serves as the primary legal framework that binds the members and defines the external relationships of the organization. Compliance with the alapszabályzata is mandatory for all involved parties and is essential for the lawful operation of the entity. The specific requirements and content of an alapszabályzata can vary depending on the type of legal entity and the relevant Hungarian legislation.