The right to bonus shares as well as rights equivalent to fractional shares that shareholders may
claim due to an increase of capital by incorporation of reserves, profits or issue premiums shall
be negotiable and transferable.
However, the extraordinary general meeting may, under the quorum and majority conditions
laid down in Article 565 of this Uniform Act, expressly order that rights equivalent to fractional
shares shall not be negotiable and that the corresponding shares shall be sold.
Proceeds of the sale shall be allocated to the holders of the fractional shares no later than thirty
days after the date of entry against their name of the whole number of shares allotted.
Official translation
Spot-checked
In force from 17 April 1997
Source page 132