utility token<\/em>, so the acquisition of one of them entails a right to a specific use of that and not another NFT.<\/p>\nCurrently, there are many NFTs with unique advantages related to the right associated with them, such as the reward in a certain game or the acquisition of a work autographed by the author himself.<\/p>\n
NFT as a means of contribution to establishing a company<\/h2>\n
Thus, it could be expected that sooner or later, one of the owners of these NFTs would use them as a means of contribution to the creation of a society, ultimately bringing an asset as modern as it is unknown to many to a traditional and nothing changing like the constitution of companies.<\/p>\n
Aware that the task entrusted to us would be complex and, at a minimum, would result in many questions and few answers, ETL ILIA proposed to take a step further in the comprehensive advice it offers, establishing possibly the first Limited Company in Spain through a non-monetary contribution in the form of NFTs.<\/p>\n
Notary in Barcelona<\/h2>\n
We were not alone in this; we had the magnificent collaboration of the Barcelona Notary, Mr. Ariel Sult\u00e1n Benguigui, and the extraordinary team that supports him, especially the Notary official, Mrs. Ruth Franch.<\/p>\n
Left behind are the countless meetings and inexhaustible patience they had when explaining to them what we mean when we talk about an NFT and that it is an asset like any other, the hours of study dedicated by the Notary himself to avoid a defective qualification of the deed of constitution, and the weeks in suspense waiting for the response – and registration – from the Commercial Registrar.<\/p>\n
\n\u201cIt is a pride to be able to contribute our grain of sand in this complex world within the reach of so few. It has been shown that, although we are institutions – offices, notaries and registries – we are part of a field as classic and traditional as the world of Law, located at the antipodes of this very new technology, with effort and dedication and, above all, with a great capacity for continuous learning, we can all contribute together to the advancement of Law and adapt it to our changing social reality and respond to the new challenges<\/em>of the 21st century. –D. Ariel Sultan<\/strong>\u201d<\/em><\/p>\n<\/blockquote>\nFinally, after a few weeks of long waiting, the Barcelona Mercantile Registry registered the deed of incorporation, becoming the first company with share capital formed by NFT assets.<\/strong><\/p>\n<\/div>\n
\n\n\n| LIMITED COMPANY (Article 196 LSC)<\/th>\n | LIFT COMPANY (Article 197 LSC)<\/th>\n<\/tr>\n<\/thead>\n |
\n\n| Once the General Meeting has been called, you will have the right to request, in writing and before it is held, all the clarifications and reports you deem appropriate regarding the points that make up the Agenda.<\/td>\n | Until the seventh day before the General Meeting, the shareholder may request from the Administrative Body the information or clarifications that they believe are necessary regarding the Agenda. Consequently, the Administrative Body must provide the requested information in writing and before the Meeting.<\/td>\n<\/tr>\n |
\n| The Administrative Body may refuse to provide the information whenever it is considered to go against the corporate interest. Even with this, the request may be allowed when this request for information is supported by partners representing at least 25% of the share capital.<\/td>\n | The Administrative Body may deny the shareholder the information requested with justified cause to protect the corporate interest. Even with this, it may be allowed when this request for information is supported by partners representing at least 25% of the share capital. The Statutes may establish a percentage lower than that mentioned as long as it is greater than 5% and less than 25%.<\/td>\n<\/tr>\n |
\n| Once the General Meeting is called, the partner will have the right to immediately obtain the documents that must be approved at said Meeting (for example, financial information for the approval of the Annual Accounts).<\/td>\n | During the Meeting, the shareholder may verbally request the information or clarifications he deems necessary regarding the matters on the Agenda. If the Administrative Body cannot provide the information in At that time, they must satisfy the shareholder’s request in writing within seven days following the holding of the Meeting.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div> |