Prohibited issuance of shares of stock

The shares of a new issue may not be so issued prior to the resolution adopted as to the conditional capital increase having been entered in the Commercial Register. Prior to this time, no claim will arise for the person having subscription rights to the shares of a new issue. Any shares of a new issue issued prior to this time will be null and void. The issuers are liable as joint and several debtors to the holders for any damages resulting from the issuance.