The plan to pledge shall first have been sent to the company by hand-delivered letter against a
receipt or by registered letter with a request for acknowledgement of receipt, by telex or fax,
stating the full names and the number of shares to be pledged.
Agreement shall result from acceptance of the pledge notified in the same form as the application
for approval of the pledge, or from failure to reply within the time limit of three months from
the date of the application.
Section 7
Failure to pay up shares
Official translation
Spot-checked
In force from 17 April 1997
Source page 168