The number of directors of the cooperative with a board of directors may become temporarily higher in the event of a merger with one or several cooperatives up to a total maximum number of directors in office for more than six months in the merged companies, without exceeding twenty-four.
Deceased, removed or resigning directors shall not be replaced, similarly new directors may only be elected, save during a new merger, insofar as the number of directors in office has not been reduced to twelve.
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 74
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
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