(1) Investment stock corporations with variable capital may be operated only in the legal form of a stock corporation.
(2) Investment stock corporations with variable capital are subject to the provisions of the Stock Corporation Act, with the exception of section 23(5), sections 150 to 158, 161, 182 to 240, and 278 to 290 of the Stock Corporation Act, save as otherwise provided by the provisions of this Subdivision. Section 3(2) of the Stock Corporation Act and section 264d of the Commercial Code do not apply to investment shares of an externally managed investment stock corporation with variable capital.
(3) Section 19 of this Act applies to UCITS investment stock corporations, with the proviso that
1. the intended acquisition of a participation under section 19(1) need only be notified where the threshold of 50 percent of the voting rights or of the capital is reached or exceeded, or the company comes under the control of the acquirer of the participation, and
2. the intended relinquishment of a participation under section 19(5) need only be notified where this participation has reached or exceeded the threshold of 50 percent of the voting rights or of the capital, or the company is a controlled undertaking.
(4) Section 93(7) and section 96 apply correspondingly to the investment stock corporation with variable capital.
(5) The Securities Acquisition and Takeover Act does not apply to the activity of the investment stock corporation with variable capital.