The project includes this type of company

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Project sketch by CARLOS GUIMARÃES DE ALMEIDA
The substitute received a long dissenting vote from deputy CARLOS GOMES DE OLIVEIRA and was the subject of very severe criticism by a competent jurist, in eight unsigned articles that the “Jornal do Comércio” published between 29-12-36 and 12-1-37. We were never able to identify the author of this criticism.

But we agree that the TRAJANO VALVERDE project was sensitive to it, avoiding many of the devices that the critics had pointed out.

The Commercial Companies Code project, organized by Dr. TRAJANO DE MIRANDA VALVERDE, in 1949, was offered to the Brazilian Lawyers Institute, to feature in the celebrations of the centenary of our Commercial Code.

It is preceded by a long explanatory statement, from which we argentina bulk sms packages highlight the following excerpt:

“IV. Title I, comprising five chapters, contains the “General Provisions”.

“Article 1 defines a commercial company. The formula is broad. It includes within the scope of application of commercial law any company whose purpose is a business, profession or economic activity for profit. To avoid doubt, the sole paragraph states what the bill understands as “profitable purpose”.

“V. Article 2 states which forms commercial companies may adopt. It does not mention mutual companies, because, by their nature and purpose, they are not to be considered commercial companies. This, in fact, has been the orientation of our law. A simple reading of the precepts that regulate the constitution and operation of mutual insurance companies (decree-law no. 2,063, of March 7, 1940, and decree-law no. 3,908, of December 12, 1941) convinces us that this is a form or type of company that is not adapted to the needs of commercial life. Therefore, art. 258, of the “Transitional Provisions”, requires that currently existing mutual companies for profit be transformed into corporations or limited partnerships.