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New version applies from 02/07/2014 — introduced by Bank Recovery and Resolution Directive (BRRD). 16 provisions change. Later versions: 20/07/2017. Article 45 changes in this version: compare with the current text.

Article 45

Article 45

1.Member States may derogate from the first paragraph of Article 9, the first sentence of point (a) of Article 21(1) and Articles 29, 30 and 33 to the extent that such derogations are necessary for the adoption or application of provisions designed to encourage the participation of employees, or other groups of persons defined by national law, in the capital of undertakings.

2.Member States may decide not to apply the first sentence of point (a) of Article 21(1) and Articles 34, 35, 40, 41, 42 and 43 to companies incorporated under a special law which issue both capital shares and workers' shares, the latter being issued to the company's employees as a body, who are represented at general meetings of shareholders by delegates having the right to vote.

Official text · consolidated version 01/07/2013 (no longer in force) Open full page ↗
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