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Part 2 · Special provisions  ›  Division 3 · Change of the legal form of registered cooperative societies › Section 269

Resolutions adopted by the general meeting; authorised capital

For as long as the shares of stock collected, or disposed of under section 268 (3), do not attain a minimum of six tenths of the capital stock, in those instances in which the change of legal form was made to that of a stock corporation or that of a public partly limited partnership, the general meeting of the company in its new legal form cannot adopt any resolutions that, by law or by the stipulations of the by-laws, require a capital majority. During this period, the representative body of the company may not exercise an authorisation to increase the capital stock.

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