The new shares shall belong to the bare owner for ownership without usufruct and to the
usufructuary for the usufruct. However, in case of payment of funds by the bare owner or the
usufructuary to make or complete a subscription, the new shares shall belong to the bare owner
and to the usufructuary only up to the amount of the rights of subscription; the excess of the
new shares shall belong, as freehold, to the party who paid the funds.
Paragraph 2
Withdrawal of pre-emptive right of subscription
Official translation
Spot-checked
In force from 17 April 1997
Source page 135