English
1/ Without prejudice to the generality of the provisions
of Sub-Article
(1) of Article 417 of this Code, the
general meeting may also consider proposals of the
debtor company relating to:
a) conversion of the company or its business purpose;
b) merger with another company or its division into
two or more companies;
c) issue of debentures having priority over existing
debentures.
2/ The company may enforce proposals under Sub-
Article
(1) of this Article notwithstanding that the
debenture holders` meeting does not approve such
proposals: Provided that the company shall in such a
case redeem within three months from such proposals
having become effective the debentures of such
debenture holders as may so request.
3/ The meeting may also consider proposals relating to
variations in the terms of the loan.
4/ The meeting may not increase the liability of the
debenture holders, it may not, in particular impose
duty to extend additional loan or agree to conversion
of debentures into shares, except by unanimous vote,
nor provide for differential treatment amongst the
debenture holders.
