(1) By the change of legal form, the shares thus far comprising the ownership interest will become shares in the company in its new legal form and fractional shares. Section 202 (1) no. 2 sentence 2 is to be applied with the proviso that the rights of third parties existing in the capital contributions thus far comprising the members’ ownership interest will continue to exist, then having as their object the shares and fractional shares obtained by the change of legal form.
(2) Fractional shares occasioned by the change of legal form may be disposed of independently and are transferable by inheritance.
(3) The rights arising from a share of stock, including the claim to having a stock certificate issued, may be exercised only if fractional shares of stock that together make up a full share of stock are held by a single holder, or if several parties entitled to certain rights, whose fractional shares of stock together make up a full share of stock, join together for purposes of exercising the rights. In general, the legal entity is to make arrangements enabling the fractional shares to be consolidated to form a full share of stock.