(5)Union provisions are necessary for maintaining the capital, which constitutes the creditors' security, in particular by prohibiting any reduction thereof by distribution to shareholders where the latter are not entitled to it and by imposing limits on the company's right to acquire its own shares.
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New version applies from 01/07/2013 — introduced by Council Directive 2013/24/EU.
49 provisions change.
Later versions: 02/07/2014, 20/07/2017.
Recital 5 changes in this version: compare with the current text.