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A firm member wishing to withdraw from the company pursuant to Article 188 of this Act shall ship a written request for withdrawal to the company, which shall be determined upon by the final assembly. If the proceeds acquired from sale of own share in enforcement process aren’t adequate for settlement of declare of the expelled firm member regarding the awarded compensation, the outstanding a half of that declare is extinguished. 26) Conducts other operations and decides on different issues in maintaining with this Act and the memorandum of affiliation. A resolution to file the motion from paragraph 1 of this Article is passed by the final assembly in accordance with the provisions of this Act. other securities has to comprise all their important elements pursuant to the rules governing the operation of the capital market. Regardless of the method of representation from paragraph 2 of this Article, an expression of will given to a minimal of one director is taken into account to be correctly given to the corporate. A resolution on the problem of shares, i.e. The memorandum of association could not exclude prematurely the company member’s right to demand withdrawal from the company for justified causes, nor can a company member waive such right prematurely.

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A stockholder workouts rights on the basis of partly paid-up shares in proportion to the paid-up or entered contribution, except the articles of association provide otherwise. It is taken into account that a stockholder in relation to a joint inventory company and third parties is an individual who’s entered in the Central Registry as a legal holder of a stock, and the day of entering in the Central Registry is the day of acquiring the stock.

If a selection of administrators who individually characterize the company falls beneath the quantity set forth by the memorandum of association or the resolution of the overall assembly, the remaining administrators continue to symbolize the corporate throughout the scope of their authorities.

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