Chapter III: Limited liability companies.

If, as a result of losses recorded in the accounting documents, the company’s shareholders’ equity falls below half of the share capital, the shareholders shall decide, within four months of the approval of the accounts that showed the loss, whether the company should be dissolved early. If dissolution is not decided by the majority required to amend the Articles of Association, the company is required, no later than the close…

The conversion of a limited liability company into a general partnership, a limited partnership or a limited partnership with shares requires the unanimous agreement of the partners. The conversion into a public limited company is decided by the majority required to amend the Articles of Association. However, it may be decided by members representing a majority of the company’s shares if the shareholders’ equity shown in the last balance sheet…