(1) Section 73 of the Stock Corporation Act is to be applied accordingly to the exchange of the business shares in a limited liability company changing its legal form in return for shares of stock, while section 226 of the Stock Corporation Act is to be applied accordingly, where business shares are merged, to the cancellation of stock.
(2) Section 73 (1) and (2) of the Stock Corporation Act is to be applied accordingly to the exchange of the shares of stock in a stock corporation changing its legal form, or in a public partly limited partnership changing its legal form, in return for business shares in a limited liability company, while section 226 (1) and (2) of the Stock Corporation Act is to be applied accordingly, where shares of stock are merged, to the cancellation of stock.
(3) No approval by the court is required.