Article 461 — Amortization of Capital

1/ Only the memorandum of association or a resolution of an extraordinary general meeting may authorize the gradual refund of contributions of shareholders or par value of their shares to shareholders. 2/ Only profits which may be distributed or reserves other than those indicated in Sub-Article (1) of Article 434 of this Code may be used for such amortization. 3/ The amortization under Sub-Article (1) of this Article may be effected by the redemption of shares within the same class; Shares to be redeemed may be selected by drawings; Reduction of capital may not result from amortization.