§ 301 Decrease of assets Commercial Code

Where the net assets of a public limited company are less than one-half of the share capital, the general meeting 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]

1¹) the implementation of other measures as a result of which the net assets of the public limited company would form at least one-half of the share capital;

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

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

3) submission of a bankruptcy petition.

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