The Prudent Sokol Charter is the newest open universal Charter for an LLC with one or more participants without restrictions on their entry and exit from the company, with one sole executive body.

The complete Charter of the "Prudent Falcon" contains all dispositive rules, including those that operate by default. It also contains, on six of the 14 pages of the text, all the competence of the general meeting, corresponding to the specified rules and the chosen structure of the company´s bodies, indicating the number of votes of the participants required to make a decision.

The charter was created in 2022.

The Charter is accompanied by an Interactive description of all the rules included in it and all the competence of the general meeting of participants.

The Charter of Prudent Sokol does not restrict the participant´s ability to withdraw from the company and receive the actual value of the share. The right of the participant to withdraw from the company upon application is provided.

A single sole executive body is formed in the company, the powers of which are granted to one person.

The charter changed the procedure for convening, preparing and holding meetings of the meeting. Possibility provided:

• distribution of notifications to the participants about the convening of meetings of the meeting both by registered mail and by e-mail to the addresses indicated in the list of participants;
• remote participation in a meeting of the meeting;
• combination of voting at the meeting and absentee voting.

The adoption of a decision by the general meeting and the composition of the participants who were present at its adoption are confirmed by signing the minutes by the chairman of the meeting, the secretary of the meeting and the person (s) who counted the votes.

The Charter also states that there is no need for notarial confirmation of decisions taken by the sole participant, except as otherwise provided by law.

Participants and the company enjoy the pre-emptive right to purchase a share or part of a share, including not all of it, sold by other participants at the offer price to a third party.

There is no Audit Commission in the company. Its functions can be performed by an auditor approved by the meeting.

The provisions of Article 45 (on interested party transactions) of the Law “On Limited Liability Companies” do not apply to the company.

Contributions to the property of the company by the decision of the meeting are not provided for by the participants.