BELGIUM. 



THE LEGAL REGIME OF THE COMlVfERCIAI. SOCIETIES 

 AND THE LAW OF ltL\Y 25TH., 1913. 



SOURCES: 



Code de Commerce belge ; lyivre ler. titre IX. Des Soci^tes. lyoi du 18 mai 1873 modifite 

 par la loi du 22 mai 1886 (BelHan Commercial Code; Book J. Part IX, Of Societies. Law of 

 May 18th., 1873, Amended by Law of May 22nd., 1886). Moniteur, June 2nd. 1886. 



IvOiDtTi6MAi 1901 CONCERNANT LES UNIONS DU QvckDTS (Luw of May i6th., igoi on Credit 

 Unions). Moniteur, May i7th.-i8th. 



PROJETDELOI PORTANT modification AUX LOIS LES SOClfeT^S COMMERCIALES (Bill for the 

 Amendment of the Laws on Commercial Societies). Parliamentary Papers. Senate: Session 

 of 1 903- 1 904. Sitting of February asth., 1914. p. 61. No. 19. 



Discussions parlementaires a la Chambre des REPRiSENTANTS. (Parliamentary Debates 

 in the Chamber of Representatives). Session of 1912-1913. Annals of Parlament. Sittings 

 of November 21st. and 22nd., December 4th. and 5th., 1912, January i6tli. and 17th., 1913. 

 pp.41 to 42, 53 to 68, 87 to 114, 115 to 137, 338 to 355, 360 to 377. 



IvOis PORTANT MODIFICATION AUX LOIS SUR LES soci^Tfes COMMERCIALES (Law amending the 

 Laws on Commercial Societies). May 25tli., 1913. Moniteur Beige, No. 152, June ist., 1913. 



I<oi SUR LES sociirrfes commerciales : Coordination approuvee par arrets royal du 22 juillet, 

 1913 (Law on Commercial Societies: Co-ordination approved by Royal Decree of July 22nd., 

 1913). Moniteur beige, July 25th., 1913. 



IvA nouvelle loi belge SUR LES socifeTfes COMMERCIALES. ( The New Belgian Law on Com- 

 mercial Societies). Moniteur des Int6rets Materiels. Brussels, Nos. 72, 75, 78 ; June isth,;; 

 22nd. and 29th., 1913. 



Before the coming into force of the new Belgian law of May 25th,, 1913, 

 on commercial societies, these societies were regulated by the laws of 

 May i8th., 1873, December 26th., 1881, May 22nd., 1886 and May i6th. 1901. 

 After 1903 it was seen to be necessary to introduce some amendments 

 into these laws and it was just in that year that M. Picard made a pro- 

 posal in the Senate for the reform of the legal regime governing the com- 

 mercial societies. The principal object of this proposal was to prevent the 

 faults ordinarily committed in the formation and working of the societies 

 by the founders and managers to the detriment of the public, who are often 

 victims of their own inexperience. But the Government, considering this 

 bill incomplete and desiring on the other hand to introduce into the 1873 law 

 a series of amendments, in conformity with a definite plan, in February, 1904 

 presented on its own account another bill, partly inspired by the conclusions 



