Shares purchased by the company which issued them in order to effect a reduction of capital
shall be cancelled within a period of fifteen days following the expiry of the period of the
purchase offer mentioned in the notice provided for in Article 643 of this Uniform Act.
Where the purchase is made in order to facilitate an increase of capital, a merger or a scission,
the time limit provided for the cancellation of the shares shall run from the day the shares were
purchased. Shares acquired or held by the company in violation of the provisions of Articles
639 and 640 of this Uniform Act shall be cancelled within a period of fifteen days from the date
of their acquisition or, where necessary, at the expiry of the period of one year referred to in the
first paragraph of Article 640 above.
Official translation
Spot-checked
In force from 17 April 1997
Source page 146