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Part 1 · General provisions › Section 196

Improvement of the ownership interest held

Where the shares in the legal entity in its new legal form specified in the resolution on change of legal form are inadequate, or where the membership in same is not a fair equivalent of the shares or the membership in the legal entity changing its legal form, each of the holders of shares who is prohibited by section 195 (2) from exercising their right to file an action against the resolution on change of legal form taking effect may demand that the legal entity provide a compensatory additional cash payment. Upon a corresponding petition having been made, the court will determine which additional payment is appropriate pursuant to the stipulations of the Act on Valuation Proceedings under Corporate Law. Section 15 (2) is to be applied accordingly.

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