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Part 8 · Transitional and final provisions › Section 359

Transitional provision on the Act on the Introduction of Virtual General Meetings of Stock Corporations and the Amendment of Cooperative, Insolvency, and Restructuring Law Provisions

(1) For highest representative bodies convened up to and including 31 August 2023, the management board may decide, with the consent of the supervisory board, that the highest representative body is held as a virtual highest representative body, correspondingly to section 118a of the Stock Corporation Act.
(2) Section 241, point 2, section 242(1), and section 243(3), first sentence, point 4, of the Stock Corporation Act, in the version in force from 27 July 2022, apply for the first time to highest representative bodies convened from 27 July 2022.

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