Commercial Companies Law

Commercial Companies Law — Article 146

The purchase of shares must be effected within one hundred and eighty (180) days of the date of issuance of the resolution of purchase, failing which the resolution shall be considered null and void. The resolution of purchase of shares may also be amended or cancelled during such period in the same procedure of its issuance, provided that the amendment of the resolution shall not result in an extension of the aforementioned purchase period.

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