Legislator Case Law & Legislation
KKO 318/1996 AI generated

Shareholder's claim to register shares and transfer new shares based on capital increase dismissed by Supreme Court.

Case Number KKO 318/1996
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Dismissed

Legislator summary

AI generated

The Supreme Court dismissed the shareholder's request to compel the company's board to register the acquired shares and transfer new shares resulting from a capital increase. The plaintiff argued that the company's actions entitled them to these specific securities under the Company Act, while the company contested the procedural requirements for such registration. The court ruled that the plaintiff failed to meet the necessary legal conditions to enforce these specific demands against the company's board.

Legislator headnote

AI generated

OYL 3 luku 11 § 1 mom; OYL 3 luku 11 § 2 mom; OYL 3 luku 13 § 1 mom: A shareholder cannot compel the company's board to register shares or transfer new shares if the statutory prerequisites for such registration have not been strictly fulfilled.

Keywords

AI generated
shareholder rights capital increase share registration company board duty new share transfer company act procedural requirements

Cited Legislation

AI generated
OYL 3 luku 11 § 1 mom
OYL 3 luku 11 § 2 mom
OYL 3 luku 13 § 1 mom
AI generated

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Full text

Kysymys osakkeen ostajan vaatimuksista, että yhtiön hallitus velvoitetaan merkitsemään osakkeen saanto osakeluetteloon sekä luovuttamaan ostajalle yhtiössä toteutettuun rahastoantiin perustuvat uudet osakkeet ja osakekirja, joihin ostettu osake on oikeuttanut.

OYL 3 luku 11 § 1 mom

OYL 3 luku 11 § 2 mom

OYL 3 luku 13 § 1 mom