Collective decisions may be annulled for undue use of the majority powers and may commit
the members who voted for them vis-à-vis the minority shareholders.
There shall be undue use of the majority powers when the majority shareholders vote in favour
of a decision which serves solely their interests, goes contrary to the interests of the minority
shareholders, and cannot be justified in terms of the company’s interests.
Official translation
Spot-checked
In force from 17 April 1997
Source page 37