(1) The provisions of Division 2 are to be applied accordingly to the division of a legal entity for purposes of new formation, to the exception, however, of sections 129 and 130 (2) as well as to the exception of sections 4, 7 and 16 (1) and of section 27, which are to be applied accordingly as stipulated in section 125. The new legal entities take the stead of the acquiring legal entities, the entry of each of the new legal entities in the register takes the stead of the entry of the division in the register maintained at the seat of each of the acquiring legal entities.
(2) Unless the stipulations of the present Book lead to a different conclusion, the company formation rules applying to the respective legal form of the new legal entity apply to the formation of the new legal entities. The legal entity being acquired is equivalent to the founders. Provisions stipulating a minimum number of founders for the formation are not to be applied.
(3) In the event of a division by separation for purposes of new formation, no division report need be drawn up.