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Prokura in Austria

What does "Prokura" mean?

Prokura is a special commercial power of attorney under Austrian law that authorizes a person (the Prokurist) to act on behalf of a company in all business matters – including signing contracts and representing the company in legal proceedings. It is broader than a standard US power of attorney but does not include the authority to sell or mortgage real estate, or to grant further Prokura. Prokura must be registered in the Firmenbuch and is publicly visible.

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