(1) Where a share capital company is involved in the merger as the legal entity being acquired, each of the holders of shares in this company is to be credited with the value of the business shares, or shares of stock, comprising their ownership share in the company being acquired as the amount of their capital contribution to the acquiring cooperative society. The closing balance sheet of the company being acquired governs in determining the value of this ownership interest. Where the amount of the capital contribution that a given member has obtained as a result of the merger exceeds the aggregate amount of the business shares comprising that member’s ownership interest in the acquiring cooperative society, the surplus is to be disbursed to the member after six months have lapsed since the day on which the entry of the merger in the register maintained at the seat of the acquiring cooperative society has been published in accordance with section 19 (3); however, no such disbursement may be effected before the creditors who have filed their claims pursuant to section 22 have been satisfied or have had security provided to them.
(2) Where an association having legal capacity is involved in the merger as a legal entity being acquired, the maximum amount that may be credited to each member of said association as the amount of their capital contribution to the acquiring cooperative society is the nominal amount of the business shares comprising that member’s ownership interest in the acquiring cooperative society.