Actual problems of innovative economy and law

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A share in the authorised capital of a business entity (corporate share) as an object of property and contractual rights

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УДК: 346.21

DOI: https://doi.org/10.36887/2524-0455-2023-5-13

Пономаренко Оксана Михайлівна,
кандидат юридичних наук, доцент кафедри цивільно-правових дисциплін і трудового права імені проф. О. І. Процевського,
Харківський національний педагогічний університет ім. Г. С. Сковороди, доцент кафедри правового регулювання економіки, Харківський національний економічний університет імені Семена Кузнеця,
https://orcid.org/0000-0001-6394-1834
Ваганова Ірина Михайлівна,
кандидат юридичних наук, доцент, доцент кафедри правового регулювання економіки, Харківський національний економічний університет імені Семена Кузнеця,
https://orcid.org/0009-0006-2373-1860
Міненко Софія Іванівна,
доктор філософії з менеджменту, доцент кафедри менеджменту, бізнесу і адміністрування,
Державний біотехнологічний університет,
https://orcid.org/0000-0003-3033-1911

The article aims to define the legal nature and characteristics of a share in the authorized capital of a business entity as a specific object of property and contractual rights. The relevance of the research topic is because the analysis of Ukrainian corporate legislation does not provide a direct answer to the question of what the object of corporate investment is, and this creates difficulties in understanding both the essence and structure of legal relations arising from a person’s contribution to the charter capital of a business entity. Even though corporate relations have specifics, they are civil relations and should be considered within the framework of established civil law structures. The object of legal relations is a necessary element of the structure of legal relations. The objects of legal relations in which a person acquires a share in the charter capital of a legal entity and corporate rights instead of a contribution are a contribution (property) owned by a participant based on a right in rem (usually based on ownership), a share in the charter capital and corporate rights. A share in the charter capital of a business entity is a specific object in the field of property and contract law, which necessitates a special legal regime for it. The authors conclude that it is a share in the charter capital of a business entity that is the object of civil rights. The specificity of this object is determined by the fact that a share is a tradable property proper, which allows it to be an object of property rights and a subject matter of contract law. In property law, a share in the charter capital belongs to the shareholder who has contributed to the charter capital of a business entity. If a shareholder of a business entity is married and has contributed at the expense of the marital property, the share in the charter capital belongs to the spouses based on the right of joint ownership. Understanding a share as an object of property rights provides a company participant with substantive legal mechanisms for exercising and protecting its right to a share (full powers and protection through substantive legal claims). In contract law, the specifics of a share as an object of civil rights affect the determination of the moment of transfer of ownership under a contract. In this regard, the legislation should state as a rule that the moment of transfer of ownership of a share in the authorized capital under a contract is determined by the moment of its conclusion unless otherwise provided by the contract.

Keywords: share in the charter capital of a business entity, corporate rights, real law, contract law, right of joint and several ownership, remedies in rem, subject matter of a contract, object of civil rights.

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The article was received 04.12.2023