Merger by way of incorporation shall be effected by adopting the following procedures: 1. A resolution shall be adopted for dissolution of the company intended to be merged and incorporation thereof into the incorporating company. 2. The net assets of the incorporated company shall be evaluated in accordance with the last audited financial statements, otherwise the procedures for evaluation of the assets in accordance with the legally applicable rules shall be adopted. 3. A resolution shall be adopted for increasing the share capital of the incorporating company in accordance with the result of the evaluation of the incorporated company. 4. The increase of the share capital shall be divided among the partners or shareholders of the incorporated company in the proportion of their shares therein.
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