Transfer of one’s share in a Slovak limited liability company

The effects of the transfer of a share occur for the company from the day the contract for the transfer is delivered, unless a later effective date is specified. However, this is not valid until the general meeting approves the transfer, if such approval is required by law or the partnership agreement.

A person who is listed as an obligated party in the register of issued authorizations for execution under special law cannot acquire a share in a limited liability company through transfer. This applies regardless of whether the acquirer is another partner or a different person.

Additionally, a partner cannot transfer their share to another partner or any other person if they are also listed as an obligated party in the execution register.

The legal deadline for registering a change in the Commercial Register is 2 working days from the receipt of the proposal and the court fee.

A partner cannot transfer their share to another partner or any other person if:

• Proceedings are ongoing for the company’s dissolution,
• The company has been dissolved by the court or based on a court decision, or
• Bankruptcy has been declared or restructuring has been permitted.

Additionally, a partner cannot transfer their share if they are listed as an obligated party in the register of issued authorizations for execution under special law.