übernehmen (Kapital, Aktien)

English translation: contribute / pay

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:übernehmen (Kapital, Aktien)
English translation:contribute / pay
Entered by: silfilla

11:34 May 8, 2005
German to English translations [PRO]
Bus/Financial - Finance (general) / incorporation of a stock corporation
German term or phrase: übernehmen (Kapital, Aktien)
Das Grundkapital der XXX AG im Betrag von € 70.000,- ist in 70.000 Aktien im Nennbetrag von je € 1,- zerlegt und wird zur Gänze von den Gründern übernommen. Die Aktien sind Inhaberaktien und Nennbetragsaktien. Es übernehmen:

a) die XXX GmbH Aktien im Nennbetrag von € 69.999,-
b) Herr XYZ eine Aktie im Nennbetrag von € 1,-
heimo
Local time: 16:03
contribute or pay (in the US, at least)
Explanation:
*... and shall be contributed/paid in full by the founders. ... a) XXX shall contribute shares with a par value of ..., b) one share ...*
Selected response from:

silfilla
Local time: 10:03
Grading comment
Hard to say which answer is the best. "hold" or "held" seems to work o.k. as well. Thanks, everybody!!
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1acquired, taken over
Ingrid Blank
4taken up
Neil Crockford
4contribute or pay (in the US, at least)
silfilla
4privately held
gangels (X)


  

Answers


2 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
übernehmen (Kapital, Aktien)
taken up


Explanation:
all will be taken up by the founders...

Neil Crockford
Local time: 15:03
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 6
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18 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
acquired, taken over


Explanation:
..

Ingrid Blank
PRO pts in category: 127

Peer comments on this answer (and responses from the answerer)
agree  Michael Engley
2 hrs
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20 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
übernehmen (Kapital, Aktien)
contribute or pay (in the US, at least)


Explanation:
*... and shall be contributed/paid in full by the founders. ... a) XXX shall contribute shares with a par value of ..., b) one share ...*

silfilla
Local time: 10:03
Works in field
PRO pts in category: 181
Grading comment
Hard to say which answer is the best. "hold" or "held" seems to work o.k. as well. Thanks, everybody!!
Login to enter a peer comment (or grade)

57 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
privately held


Explanation:
Since the shares are not publicly traded.

"The shares are privately held at par value.
The acquiring principals are:
(a) xx co. with shares of € 69,999 at par
(b) Mr. x with one share of € 1.00 at par

In practice, you'd say "Ownership consists of" instead of 'acquiring principals'

gangels (X)
Local time: 08:03
Specializes in field
Native speaker of: Native in EnglishEnglish, Native in GermanGerman
PRO pts in category: 268
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