English
1/ Where a shareholder holds shares representing ninety
percent or more of the capital in a company, each
minority shareholder of the company may demand
redemption by that shareholder.
2/ The terms of redemption and particularly the basis
used for determining the redemption price must be
set out in the request for redemption.
3/ An expert appointed by the court with jurisdiction
over the place where the company is registered will
determine the price in the event the redeeming
shareholder does not agree to the proposal under
Sub-Article
(2) of this Article 4 The costs pertaining to the price determination are
payable by the shareholder seeking to sell his shares.
5/ Notwithstanding Sub-Article
(4) of this Article, where
the expert determines a redemption price that is
higher than that offered by the redeeming
shareholder, the court that appointed the expert may
order the redeeming shareholder to pay the costs in
whole or in particle.
