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Part 2 · Special provisions  ›  Division 3 · Merger involving stock corporations › Section 71

Appointment of a trustee

(1) Each legal entity being acquired is to appoint a trustee responsible for receiving the shares of stock to be allotted and the additional cash payments to be made. The merger may be entered in the register only once the trustee has given notice to the court that the trustee has possession of the shares of stock and the additional cash payments specified in the merger agreement.

(2) Section 26 (4) is to be applied accordingly.

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