Securities, sureties, guarantees or guarantees at earliest demand provided by the Managing
Director or by the assistant managing director shall be binding on the company only where they
were authorized in advance by the ordinary general meeting of shareholders either as a general
or special measure.
However, such restriction shall not apply to securities, sureties and guarantees provided by the
managing director or by the assistant managing director acting on behalf of the company, to
customs and taxation services.
Section 6
Prohibited agreements
Official translation
Spot-checked
In force from 17 April 1997
Source page 120