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New version applies from 31/07/2019 — introduced by Directive (EU) 2019/1023, Directive (EU) 2019/1151. 133 provisions change. Later versions: 01/01/2020, 12/08/2022. Article 135 changes in this version: compare with the current text.

Article 135 - General provisions on division operations

Article 135
General provisions on division operations

1. Where Member States permit the types of companies listed in Annex I coming under their laws to carry out division operations by acquisition as defined in Article 136, they shall make those operations subject to Section 2 of this Chapter.

2. Where Member States permit the types of companies referred to in paragraph 1 to carry out division operations by the formation of new companies as defined in Article 155, they shall make those operations subject to Section 3 of this Chapter.

3. Where Member States permit the types of companies referred to in paragraph 1 to carry out operations, whereby a division by acquisition as defined in Article 136(1) is combined with a division by the formation of one or more new companies as defined in Article 155(1), they shall make those operations subject to Section 2 of this Chapter and Article 156.

4. Article 87(2), (3) and (4) shall apply.

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