Sole Procuration

Definition

Basic Definition

Sole Procuration is a power of attorney registered in the commercial register, granting a proxy the sole authority to represent a company in all ordinary and extraordinary legal transactions, except for real estate sales.

Detailed Explanation

Sole Procuration is a form of procuration anchored in the German Commercial Code (HGB), where a proxy is authorized to act alone, allowing them to conduct all ordinary and extraordinary legal transactions of a company without the involvement of other authorized signatories. This comprehensive authority extends to all judicial and extrajudicial actions, except for real estate sales, which require special authorization. In the commercial register, Sole Procuration is recorded with the addition 'Procuration granted, sole,' enabling business partners to recognize the sole authority at a glance. Unlike joint procuration, where multiple proxies must act together, Sole Procuration enables faster decision-making processes and greater flexibility in management. This clear distribution of competencies is particularly beneficial for companies in dynamic markets. Nevertheless, appointing a trusted proxy requires careful selection, as misuse can have severe financial consequences. Sole Procuration can be revoked at any time; this revocation must also be registered in the commercial register.

How to use with handelsregister.ai API

Sole Procuration indicates that a registered proxy is authorized to represent the company alone. Through the handelsregister.ai API, this attribute can be directly accessed via the person and history endpoints, allowing developers to automatically verify authorization structures and securely implement digital signature or compliance workflows.

API Usage Examples

Company Profile Endpoint

Fetch detailed company information including the data related to "Sole Procuration"

GET https://handelsregister.ai/api/v1/fetch-organization
feature=related_persons feature=publications
https://handelsregister.ai/api/v1/fetch-organization?api_key=YOUR_API_KEY&q=Sole+Procuration+GmbH+aus+M%C3%BCnchen&feature=related_persons&feature=publications&ai_search=on
Try this API in our interactive Playground

Document Fetch Endpoint

Fetch documents related to "Sole Procuration"

GET https://handelsregister.ai/api/v1/fetch-document
document_type=AD document_type=CD
https://handelsregister.ai/api/v1/fetch-document?api_key=YOUR_API_KEY&company_id=COMPANY_ID&document_type=AD
Try this API in our interactive Playground