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Part 6 · Amendment of the by-laws. Measures serving the procurement of capital and the reduction of capital  ›  Division 2 · Measures serving the procurement of capital › Section 213

Fractional shares of stock

(1) Where the capital increase results in a portion of the current capital stock only being allotted a part of a new share of stock, this fractional share may be disposed of independently and is transferable by inheritance.

(2) The rights attaching to a new share of stock, including the claim to having a share certificate issued, may be exercised only if fractional shares of stock that together make up a full share of stock are held by a single holder or if several parties entitled to certain rights, whose fractional shares of stock together make up a full share of stock, join together for purposes of exercising the rights.

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