# § 176 Decrease of assets Commercial Code

**Act:** Commercial Code (527022024004)
**Jurisdiction:** EE
**Canonical URL:** https://legislator.ch/en/sources/law/ee/527022024004/paragrahv_176/176-decrease-of-assets-commercial-code
**Official Source:** https://www.riigiteataja.ee/akt/527022024004

## Statutory Text

Where the net assets of a private limited company are less than one-half of the share capital, the shareholders must decide on

[RT I, 05.05.2022, 1 – entry into force 01.02.2023]

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; or

[RT I, 05.05.2022, 1 – entry into force 01.02.2023]

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; or

[RT I, 05.05.2022, 1 – entry into force 01.02.2023]

2) dissolution, merger, division or transformation of the private limited company; or

3) submission of a bankruptcy petition.