Article 55. Representative Offices and Branches of a Legal Person

1. The representation shall be a set-apart subdivision of the legal entity, situated outside of the place of its location, which represents and protects the legal entity's interests.

2. The subsidiary shall be the legal entity's set-apart subdivision, situated outside of the place of its location and performing all its functions or a part thereof, including the functions of representation.

3. The representations and the subsidiaries shall not be legal entities. They shall be given the property of the legal entity, by which they have been set up, and shall operate in conformity with the provisions it has approved.

The managers of the representations and the subsidiaries shall be appointed by the legal entity and shall act on the ground of its warrant.

Representative offices and branches shall be mentioned in the comprehensive state register of legal entities.