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New version applies from 20/07/2017 — introduced by Directive (EU) 2017/1132. 69 provisions change. Article 19 is deleted from 20/07/2017.

Article 19

Article 19

1.In the case of a serious loss of the subscribed capital, a general meeting of shareholders must be called within the period laid down by the laws of the Member States, to consider whether the company should be wound up or any other measures taken.

2.The amount of a loss deemed to be serious within the meaning of paragraph 1 may not be set by the laws of Member States at a figure higher than half the subscribed capital.

Official text · consolidated version 02/07/2014 (no longer in force) Open full page ↗
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