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Section 1 General provisions (art. 135) |
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Article 135 General provisions on division operations |
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Section 2 Division by acquisition (arts. 136-154) |
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Article 136 Definition of a 'division by acquisition' |
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Article 137 Draft terms of division |
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Article 138 Publication of the draft terms of division |
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Article 139 Approval by the general meeting of each company involved in a division |
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Article 140 Derogation from the requirement of approval by the general meeting of a recipient company |
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Article 141 Detailed written report and information on a division |
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Article 142 Examination of the draft terms of division by experts |
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Article 143 Availability of documents for inspection by shareholders |
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Article 144 Simplified formalities |
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Article 145 Protection of employees' rights |
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Article 146 Protection of the interests of creditors of companies involved in a division; joint and several liability of the recipient companies |
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Article 147 Protection of holders of securities, other than shares, to which special rights are attached |
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Article 148 Drawing up and certification of documents in due legal form |
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Article 149 Date on which a division takes effect |
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Article 150 Publication formalities |
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Article 151 Consequences of a division |
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Article 152 Civil liability of members of the administrative or management bodies of a company being divided |
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Article 153 Conditions for nullity of a division |
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Article 154 Exemption from the requirement of approval by the general meeting of the company being divided |
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Section 3 Division by the formation of new companies (arts. 155-156) |
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Article 155 Definition of a 'division by the formation of new companies' |
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Article 156 Application of rules on divisions by acquisition |
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Section 4 Divisions under the supervision of a judicial authority (art. 157) |
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Article 157 Divisions under the supervision of a judicial authority |
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Section 5 Other operations treated as divisions (arts. 158- 159) |
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Article 158 Divisions with cash payment exceeding 10% |
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Article 159 Divisions without the company being divided ceasing to exist |
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Section 6 Application arrangements (art. 160) |
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Article 160 Transitional provisions |
