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Book 2 · Public partly limited partnership › Section 287

Supervisory board

(1) Unless stipulated otherwise in the by-laws, the supervisory board implements the resolutions adopted by the limited liability shareholders of a public partly limited partnership.

(2) In legal disputes pursued by the entirety of the limited liability shareholders of a public partly limited partnership against the general partners, or pursued by the latter against the entirety of the limited liability shareholders of a public partly limited partnership, the supervisory board represents the limited liability shareholders of a public partly limited partnership unless the general meeting has elected special representatives. The company is liable for the costs of the legal dispute that the limited liability shareholders of a public partly limited partnership are to bear, notwithstanding the recourse it may take against the limited liability shareholders of a public partly limited partnership.

(3) General partners cannot be members of the supervisory board.

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