Main Article Content
Abstract
The transformation of a Regional Owned Enterprise (BUMD) from a Regional Company (Perusahaan Daerah) into a Regional Limited Liability Company (Perseroda) reflects the implementation of Good Corporate Governance, mandated by Article 402(2) of Law No. 23 of 2014 on Regional Government and operationalized through Sabang City Qanun No. 3 of 2020, which converted the Sabang Regional Development Company (PDPS) into PT Pembangunan Sabang Mandiri (Perseroda). This change entails the transfer of all assets and liabilities to the successor entity, yet in practice remains incomplete, raising questions of successor liability and creditor protection. This study analyses the Perseroda's legal liability for assets and liabilities arising from the transformation, the limits of such liability, and the legal protection of creditors. Using an empirical juridical method with a socio-legal approach, it draws on literature, legal documents, and interviews, analyzed qualitatively. The findings show that, under Article 7(1) and (3) of the Qanun, the transfer follows the principles of continuity of legal entity and universal succession, whereby all rights, obligations, assets, and legal relationships of the PDPS pass by operation of law to the Perseroda, which therefore bears full responsibility for them. Creditor protection remains secured, as pre-existing legal relationships are not extinguished and claims may be enforced against the successor. Empirically, however, the transfer lacks complete administrative and juridical settlement: inadequate inventory and verification, incomplete documentation, and ambiguous legal status of certain assets and obligations render both principles sub-optimally implemented, risking legal uncertainty. The study recommends comprehensive reorganization through inventory, verification, and clarification of asset status; clearer liability limits under Article 7 of the Qanun; and stronger creditor-protection mechanisms to ensure legal certainty.
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Copyright (c) 2026 Putri Cahaya Alyfia, Muhammad Insa Ansari, Teuku Ahmad Yani

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
References
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References
Ainiyyah GR. Badan Usaha Milik Daerah (BUMD) yang Belum Berubah Status Menjadi Perumda atau Perseroda. Notary Law Journal 2022;1:176–203. https://doi.org/10.32801/nolaj.v1i2.22.
Suratminingsih E. The Existence of Regional-Owned Liability Companies as Profit-Oriented Regional-Owned Enterprises. Global Legal Review 2024;4:1–16. https://doi.org/10.19166/glr.v4i1.4719.
Yani TA. Peran Badan Usaha Milik Daerah dalam Meningkatkan Kesejahteraan Masyarakat (Studi Pembentukan Perusahaan Daerah di Aceh). Kanun Jurnal Ilmu Hukum 2012;14:119–37.
Resen MGSK, Muryanto YT. Implikasi Yuridis Diundangkannya Undang-Undang Nomor 23 Tahun 2014 tentang Pemerintahan Daerah terhadap Pengaturan Badan Usaha Milik Daerah di Indonesia. Yustisia 2014;3:127–36. https://doi.org/10.20961/yustisia.v3i3.29560.
Is MS. Hukum Perusahaan di Indonesia. Prenada Media; 2022.
Harahap Y. Hukum perseroan terbatas. Sinar Grafika (Bumi Aksara); 2021.
Kelsen H. General theory of law and state. Routledge; 2017.
Aikin HZ, Sh S, Suhartana LWP, Sh M. Pengantar hukum perusahaan. Kencana; 2016.
Bambang Sutiyoso S. Peran Notaris dalam Proses Perubahan Bentuk Badan Hukum Perusahaan Daerah Menjadi Perseroan Terbatas (Studi terhadap Akta Pendirian PT. Anindya Mitra Internasional di Bantul) 2019.
Erliyani R. Peran Notaris dalam Mekanisme Perubahan Bentuk Badan Hukum Perusahaan Daerah Pasca Lahirnya Uu No 23 Tahun 2014 Tentang Pemerintahan Daerah n.d.
Idroes GM, Rinaldi Y, Susilawati I. The Role of the Notary in Drafting Authentic Deeds for Syndicated Financing at Sharia Rural Bank Harta Insan Karimah Parahyangan, Indonesia. Genesis Law and Social Sciences 2025;1:44–54. https://doi.org/10.61975/glass.v1i2.96.
Sugiyono S. Metode penelitian kuantitatif, kualitatif, R&D. Bandung: Alfabeta 2016;1.
Cohen ML, Olson KC. Legal research. St Paul, Minnesota: West Publishing Company 1992.
Soekanto S. Pengantar penelitian hukum. 2006.
Mezak MH. Jenis, metode dan pendekatan dalam penelitian hukum 2006.
Jonaedi Efendi SHI, Johnny Ibrahim SH, Se MM. Metode Penelitian Hukum: Normatif dan Empiris. Prenada Media; 2018.
Tahir R, Astawa IGP, Widjajanto A, Panggabean ML, Rohman MM, Dewi NPP, et al. Metodologi Penelitian Bidang Hukum: Suatu Pendekatan Teori dan Praktik. PT. Sonpedia Publishing Indonesia; 2023.
Marzuki M. Penelitian Hukum: Edisi revisi. Prenada Media; 2017.
Waluyo B. Penelitian Hukum dalam Praktek 2008.
Saptomo A. Pokok-Pokok Metodologi Penelitian Hukum Empiris Murni. Universitas Trisakti, Jakarta 2009.
Syamsudin M. Operasionalisasi Penelitian Hukum 2007.
Ali Z. Metode Penelitian Hukum. Sinar Grafika; 2021.
Fuady DM, SH MLM. Teori-teori Besar dalam Hukum: Grand Theory. Prenada Media; 2014.
Rustini NKA, Irwansyah MR, Wulandari N, Dharmayasa I. The Implementation of Good Corporate Governance in BUMD Institutions. Journal of Economics, Finance and Management Studies 2022;5:431–6. https://doi.org/10.47191/jefms/v5-i2-22.
Khozin M, Hara AE, Anggono BD, Helpiastuti SB, Harisudin MN. Reconstruction of Bumd Based on Law Number 23 of 2014 in Realising Good Governance. Petita: Jurnal Kajian Ilmu Hukum dan Syariah 2026;11:502–22. https://doi.org/10.22373/petita.v11i1.1088.