Applicable provisions

The provisions of Part 1 apply to the change of legal form only insofar as the laws of the Federation or Land law governing the corporation or institution changing its legal form do not lead to a different conclusion. Said laws govern in particular the manner in which the articles of association or the by-laws of the company in its new legal form are concluded or established, who will obtain an ownership interest in this company as a holder of shares and which person, or which persons, is or are equivalent to the founders of the company; sections 28 and 29 of the Stock Corporation Act are not to be applied.