Awarding Absolutorium to the Members of the Commercial Partnerships‘ Statutory Bodies

Abstract

The liability of members of the Board, as a legal institute, has a separate place in general liability. It has a specific nature, which is the possibility to give the absolutorium of liability. The expression „absolutorium“ does not have a legal definition. However we can explain this expression as a complete or partial exemption from liability. Absolutorium is associated with the professional care, which result from law, for the members of the Board. At present we can see many cases, in which absolutorium is awarded to the members of the Board. Therefore it is important to know the legal conditios for awarding it.