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Article 66 - Acceptance of the company's own shares as security

Article 66
Acceptance of the company's own shares as security

1.The acceptance of the company's own shares as security, either by the company itself or through a person acting in his own name but on the company's behalf, shall be treated as an acquisition for the purposes of Article 60, Article 61(1), and Articles 63 and 64.

2.The Member States may decide not to apply paragraph 1 to transactions concluded by banks and other financial institutions in the normal course of business.

Official text · consolidated version 12/08/2022 (in force) Open full page ↗
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