Where the shares offered for purchase are fewer than the number of shares to be bought, the
registered capital shall be reduced to the amount of shares bought.
However, the board of directors or the managing director, as the case may be, may decide to
repeat the operation under the conditions laid down in Articles 643 and 644 of this Uniform Act
until the number of shares initially fixed is completely sold, on condition that the operation is
repeated within the period stipulated by the general meeting that authorized the reduction of
capital.
Official translation
Spot-checked
In force from 17 April 1997
Source page 145