Where the old shares have a usufruct attached to them, the usufructuary and the bare owner of
the shares may freely determine the conditions for the exercise of the pre-emptive right of
subscription for and allotment of the new shares.
Where the parties fail to reach an agreement, the provisions of Articles 582 to 585 of this
Uniform Act shall apply.
These provisions shall also apply, where the parties fail to act, in the case of allotment of bonus
share.
Official translation
Spot-checked
In force from 17 April 1997
Source page 134