1. Banks and (Re)Insurance Companies shall take the form of public joint-stock companies, with incorporating law or decree so permits. Branches of foreign Banks, specialized Banks, and branches of foreign (Re)Insurance Companies operating in the State shall be exempted from this provision, in accordance with the rules and conditions set by the Board of Directors. 2. Other Financial Institutions may take the form of joint-stock companies or limited liability companies, in accordance with the rules and conditions set by the Board of Directors.
Interpretation and application must be checked against the official text and current version.