Article 69. Person who is Managing Debtor's Affairs
On insolvency (LRU-763-son) · Date: 12.04.2022 · In force
Unless otherwise provided by this Law, the following circumstances shall be recognized as the management of the debtor's affairs:
existence of the right, within three years before the appearance of signs of insolvency, to give binding instructions or the ability to otherwise determine the actions of the debtor, including the execution of transactions and the determination of their conditions;
existence of the right, in the period from the moment the signs of insolvency appear and until the court accepts an application for the debtor's insolvency, to give binding instructions or otherwise determine the actions of the debtor, including the execution of transactions and the determination of their conditions.
The persons managing the affairs of the debtor shall be:
head and members of the executive body of the debtor, the liquidation commission or the liquidator of the debtor;
persons who have the right, independently or jointly with interested parties, to dispose of fifty or more percent of the shares of a joint-stock company;
persons who have the right to dispose of more than half of the shares of the charter fund (authorized capital) of a limited liability company or other business entities;
persons who have the right to appoint (elect) the head.
