(1) The legal entity changing its legal form is to offer to each of the holders of shares who records an objection against the resolution on change of legal form, to acquire that owner’s shares or memberships that have been transformed in return for adequate cash settlement; section 71 (4) sentence 2 of the Stock Corporation Act and the order as to a legal obligation in respect of a prohibited acquisition being null and void according to section 33 (2) sentence 3 of the Act on Limited Liability Companies are not to be applied in this regard. Where the legal entity is unable, due to its new legal form, to acquire its own shares, or memberships in itself, the cash settlement is to be offered for the case that the holder of shares declares withdrawal from the legal entity. The legal entity is to bear the costs of a transfer.
(2) Section 29 (2) is to be applied accordingly.