Where, owing to losses recorded in the summary financial statements, the shareholders’ equity
capital of the company falls below half of the company’s authorized capital, the board of
directors or the managing director, as the case may be, shall be bound, within four months
following the approval of the accounts that showed the losses, to convene the extraordinary
general meeting to take a decision as to whether or not the company should be wound up
prematurely.
Official translation
Spot-checked
In force from 17 April 1997
Source page 148