SECTION 827-7

The meeting shall ascertain that the capital is fully subscribed and the amount due for shares is fully paid up. It shall rule on the adoption of the articles of association, which can only be amended unanimously by all subscribers, and appoint the first directors and auditors. The meeting agenda must include information on the identity, professional references, professional activities and management positions held of the candidates to the office of director over the last five (5) years. Minutes of the meeting session shall record, where applicable, the acceptance of duties by the directors and auditors.