Any director, Chairperson Managing Director, General Manager, Managing Director or assistant
managing director who, knowingly, carries out a reduction of capital:
1°) without respecting the principle of equality of shareholders; or
2°) without communicating the proposed reduction of capital to the auditors forty-five days
before the holding of the general meeting convened to decide on the reduction of capital, shall
be criminally liable.
Official translation
Spot-checked
In force from 17 April 1997
Source page 196