Article 404 — Modifying the Rights of a Class of Shareholders

1/ A resolution of a general meeting to modify the rights of a class of shareholders becomes effective only when approved by a special meeting of the shareholders in the class concerned by a quorum and majority required under Article 406 of this Code. 2/ Where a general meeting decides to modify the rights of a class of shareholders, a special meeting shall be convened within sixty consecutive days from such decision and pass its own decision on the matter.