Prokura (Commercial Power of Representation)
A far-reaching authority to act in commerce.
The Prokura is an especially far-reaching, statutorily defined authority for the operation of a commercial business. The holder (Prokurist) can conclude almost all transactions that the commercial business entails. Its granting is entered in the commercial register.
The relevant statutes
§ 48 HGB
What you can do now
The app creates the right letter with the correct statutes for you, free of charge and without signing up.
Related terms
General explanation for self-help, not legal advice (RDG). Individual cases may differ: if in doubt, contact a consumer advice center or a lawyer.