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Home› Company & Audit Law› Company Law Directive (codification)

Chapter IV · Capital maintenance and alteration  ›  Section 5 · Rules for the increase and reduction of capital › Article 81

Redemption of the subscribed capital or its reduction by withdrawal of shares in case of several classes of shares

In the cases covered by Article 78, Article 79(1)(b) and Article 80(1), when there are several classes of shares, the decision by the general meeting concerning redemption of the subscribed capital or its reduction by withdrawal of shares shall be subject to a separate vote, at least for each class of shareholders whose rights are affected by the transaction.

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