(1) Following the entry in the register of the resolution as to the increase of the capital stock by issuance of new shares of stock, the management board is to call on the stockholders to collect the new share certificates without undue delay. Notice of the call is to be given in the company’s publications of record and is to be transmitted pursuant to section 67a. The notice is to state:
1. the amount by which the capital stock has been increased,
2. the ratio in which new shares of stock are allocated to the old shares of stock.
Furthermore, the notice is to indicate that the company is entitled to sell, for the account of the parties involved, any shares of stock the certificates of which are not collected within one year of notice of the call having been given by publication despite three reminders having been issued previously that warn of the consequences.
(2) After one year has lapsed since the notice of the call has been given by publication, the company is to issue a reminder, warning that it will sell any shares of stock the certificates of which have not been collected. Notice of this reminder and warning of the consequences is to be given in the company’s publications of record three times at intervals of at least one month. The last such publication must be made before 18 months have lapsed since notice of the call was published.
(3) After one year has lapsed since the last notice by publication of the reminder and warning of the consequences, the company is to sell the shares of stock the certificates of which have not been collected, doing so for the account of the parties involved, at the stock exchange price and, should no stock exchange price exist, the company is to sell the shares of stock at public auction. Section 226 (3) sentences 2 to 6 applies accordingly.
(4) Subsections (1) to (3) apply accordingly to companies that have not issued any share certificates. The companies are to call on the stockholders to have allotted to themselves the new shares of stock.