Yes. A single business share may belong to several people, such as multiple heirs or co-investors. They may exercise its rights only through a common representative and are jointly and severally obliged to pay the capital contribution. The common representative and details of all co-owners are entered in the Commercial Register.
Does the law allow co-ownership of a business share?
Section 114(3) of the Commercial Code expressly allows one business share to belong to several people. In practice, this arises particularly through inheritance by several heirs or joint investment. However, the mere acquisition of a share by one spouse using common funds does not make the other spouse a shareholder: the share’s economic value in the settlement of marital community property is distinct from the joint exercise of membership rights under Section 114(3). The rule that one shareholder may hold only one business share still applies (Section 114(2)). Co-ownership of a single share must be distinguished from each shareholder holding their own share.
How do co-owners exercise the rights attached to the share?
To prevent the company having to resolve disagreements between co-owners at every vote, the law requires them to exercise rights from a jointly owned share only through a common representative. That person acts for all of them in dealings with the company. Co-owners are jointly and severally obliged to pay the contribution, meaning the company can demand the whole payment from any one of them.
Entry in the Commercial Register
Where several people own one business share, the register records the associated capital contribution, the amount paid, the common representative and each co-owner’s details. For individuals, these are first name, surname and residence; for legal entities, business name and registered office. We recommend addressing the representative’s appointment and decision-making among co-owners in the memorandum of association to prevent deadlock. We can help register co-owners correctly and handle any later share transfer or Commercial Register changes.
This answer provides general information on the law as at 10 September 2026. It does not constitute legal services or replace an assessment of an individual case. The details of your situation may differ. Book a consultation to discuss them.
