[eu]cite

Home› Commercial & Company Law› UmwG (EN)

Part 2 · Special provisions  ›  Division 3 · Change of the legal form of registered cooperative societies › Section 258

Eligibility for a change of legal form

(1) A registered cooperative society may obtain, based on a resolution on change of legal form pursuant to this Act, solely the legal form of a share capital company.

(2) The change of legal form is possible only if each member that obtains an ownership interest in the company in its new legal form is allotted, where the member is a shareholder with limited liability, a business share, the nominal amount of which is denominated in full euros, or, where the member is a stockholder, at a minimum one full share of stock.

←→ also move between sections