SECTION 778-6

Preferred shares may be converted into ordinary shares or preferred shares of another class. In the event the conversion of shares leading to a reduction of capital not motivated by losses, creditors, whose claim predate the date of publication of the notice in a newspaper authorized to publish legal notices in the State party, after the filing in the register of commerce and securities of the minutes of the proceedings of the general meeting or of the board of directors in case of delegation, may object to the conversion within the time limit and under the terms set forth in articles 633 to 638 above.