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Version status: Repealed | Document consolidation status: Updated to reflect all known changes
Version date: 20 July 2017 - onwards
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Article 23

Repealed from 20 July 2017

1. Member States may apply paragraph 2 where division operations are subject to the supervision of a judicial authority having the power:

(a) to call a general meeting of the shareholders of the company being divided in order to decide upon the division;

(b) to ensure that the shareholders of each of the companies involved in a division have received or can obtain at least the documents referred to in Article 9 in time to examine them before the date of the general meeting of their company called to decide upon the division. Where a Member State makes use of the option provided for in Article 6 the period must be long enough for the shareholders of the recipient companies to be able to exercise the rights conferred on them by that Article;

(c) to call any meeting of creditors of each of the companies involved in a division in order to decide upon the division;

(d) to ensure that the creditors of each of the companies involved in a division have received or can obtain at least the

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