Article 510 — Transfer of Share through Execution

1/ Where execution is levied on a member`s share in favor of a person who is outside the company, such person shall need the approval of the other members in accordance with Sub-Article (1) of Article 509 of this Code to become a member. 2/ Where members representing three-quarters of the capital do not to agree to admit the person who bought the share against which execution had been levied, such share shall be transferred to any member of the company interested in buying it; Where there is no member interested in purchasing the share, the company shall pay the price of the shares to the judgment creditor. 3/ Where the company purchases shares in accordance with Sub-Article (2) of this Article, the payment shall be effected from reserve funds which may be distributed to shareholders. 4/ Where shares cannot be purchased under Sub-Article (3) of this Article owing to lack of distributable reserve funds, the payment for the purchase shall be effected from the capital which shall be reduced accordingly; The shareholders shall be jointly and severally liable, to the extent of the reduction in capital, to persons who concluded contracts with the company prior to such reduction.