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Version status: Repealed | Document consolidation status: Updated to reflect all known changes
Version date: 20 July 2017 - onwards
  Version 3 of 3    

Article 13

Repealed from 20 July 2017

1. If, before the expiry of a time-limit laid down by national law of at least two years from the time the company is incorporated or is authorised to commence business, the company acquires any asset belonging to a person or company or firm referred to in point (i) of Article 3 for a consideration of not less than one-tenth of the subscribed capital, the acquisition shall be examined and details of it published in the manner provided for in Article 10(1), (2) and (3) and it shall be submitted for the approval of the general meeting.

Articles 11 and 12 shall apply mutatis mutandis.

Member States may also require those provisions to be applied when the assets belong to a shareholder or to any other person.

2. Paragraph 1 shall not apply to acquisitions effected in the normal course of the company's business, to acquisitions effected at the instance or under the supervision of an administrative or judicial authority, or to stock exchange acquisitions.

Comparing proposed amendment...