New shares renounced by a shareholder without indication of beneficiaries may be subscribed
for as excess shares under the conditions laid down in Article 576 of this Uniform Act or,
where necessary, allotted to the shareholders or offered to the public under the conditions laid
down in Article 579 of this Uniform Act.
However, where such renunciation has been notified to the company no later than on the date
of the decision to increase the capital, the corresponding shares shall be placed at the disposal
of other shareholders to enable them to apply as of right for new shares and, where necessary,
for excess shares.
Official translation
Spot-checked
In force from 17 April 1997
Source page 137