Shares issued for cash are those of which the amount is paid in cash or by offset of debtsof a
fixed, certain and dueamount tothe cooperative, those that are issued as a result of the
incorporation to the capital of free reserves for allocation whose amount comes partly from an
incorporation of reserves, free allocation and partly from paid-up cash. These must be fully paid
upon subscription.
The shares that represent in-kind contributionsshall be those issued in exchange of in-kind
contributions.
The issuance of the beneficiary shares or founding members’ shares shall be prohibited.
Unofficial translation
Machine-parsed
In force from 8 September 2026
Source page 103