SECTION 314

The payment and deposit of funds shall be recorded by a notary within the jurisdiction of the court of the registered office by means of a notarized statement of subscription and payment indicating the list of subscribers with their full names and address for service, for natural persons, and company name, legal status and registered office, for corporate persons, as well as the banks of those concerned, and where necessary, the amounts paid by each of them. The funds thus deposited shall be unavailable until the day of registration of the company in the Trade and Personal Property Rights Register. With effect from that day, they shall be put at the disposal of the managers duly appointed by the Articles of Association or by a subsequent instrument. In the case where the company is not registered in the Trade and Personal Property Rights Register within a period of six months from the initial deposit of the funds at the bank or at a notary’s office, the investors may either individually or collectively through an agent, request the president of the competent court to authorize withdrawal of the amount of their contributions.