Right and obligations of LLC's shareholders in Poland

Unless otherwise provided by law or company agreement, partners in limited liability company(LLC) in Poland have equal rights and obligations in the company. If the company agreement provides for shares with special powers, these rights should be specified in the contract (preference shares). Privilege may concern, in particular, the voting rights, the right to a dividend or the way to participate in the distribution of assets in the event of liquidation. Voting rights may only apply to shares with an equal value. A voting privilege can not grant more than three votes per share. A company may make the grant a special privilege subject to additional benefits to the company, the expiry of the term or the fulfillment of the condition.