Public limited companies shall issue negotiable shares.
It shall be prohibited for companies other than those referred to in paragraph one of this article
to issue such shares, under penalty of the contracts signed or the shares issued being null and
void. It shall also be forbidden for such companies to underwrite the issue of negotiable
instruments, under penalty of such underwriting being null and void.
Official translation
Spot-checked
In force from 17 April 1997
Source page 25