Negotiation of a promise of shares shall be prohibited except where it concerns shares still to be
issued in case of an increase of capital for a company whose existing shares are already registered
on the securities list of a stock exchange of one or more States Parties. In such case, negotiation
shall not be valid unless it is conditioned on the realization of the increase of capital. Failing an
express statement, this condition shall be presumed.
Official translation
Spot-checked
In force from 17 April 1997
Source page 166