§ 176 Decrease of assets Commercial Code
§ 176 Decrease of assets
If the net assets of a private limited company are less than one-half of the share capital, or less than the amount of share capital specified in § 136 of this Code or another minimum amount of share capital provided by law, the shareholders shall decide on
1) a reduction or increase of share capital on the condition that the net assets would thereby form at least one-half of the share capital and at least the share capital specified in § 136 of this Code or other minimum capital provided by law; or
1<sup>1</sup>) the implementation of other measures as a result of which the net assets of the private limited company would form at least one-half of the share capital specified in § 136 of this Code or other minimum capital provided by law; or
2) dissolution, merger, division or transformation of the private limited company; or
3) submission of a bankruptcy petition.