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Part 1 · Inter-company agreements  ›  Division 2 · Conclusion, amendment and termination of inter-company agreements › Section 293

Consent of the general meeting

(1) An inter-company agreement will enter into force only with the consent of the general meeting. The resolution requires a majority of at least three quarters of the capital stock represented at the time of its adoption. The by-laws may stipulate a greater majority ratio of capital and may impose further requirements. The provisions of the law and those of the by-laws governing amendments of the by-laws are not to be applied to the resolution.

(2) A control agreement or a profit and loss absorption agreement will enter into force, in cases in which the other contracting party is a stock corporation or public partly limited partnership, only if the general meeting of that company likewise grants its consent. Subsection (1) sentences 2 to 4 applies accordingly to the resolution.

(3) The agreement must be made in writing.

(4) (repealed)

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