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Part 4 · Constitution of the stock corporation  ›  Division 4 · General meeting › Section 139

Nature

(1) The voting right may be precluded for shares of stock that have been given a preferential right in the distribution of profits (preferential stock without voting rights). The preferential right in particular may consist of a participation in the profits allocated to the share in advance (advance dividend) or of an increased participation in the profits (additional dividend). Unless stipulated otherwise in the by-laws, an advance dividend is to be paid in addition.

(2) Preferential stock without voting rights may be issued only up to half of the capital stock.

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