1. Save for joint stock companies, partners and shareholders who oppose the merger resolution may request to withdraw from the Company and redeem their shares, by making an application in writing to the Company within fifteen [15] business days of the merger resolution date. 2. The withdrawn shares shall be valuated by mutual agreement. In the event of disagreement on such valuation, the matter shall be referred to a committee appointed by the Competent Authority for this purpose for all companies, before recourse is made to the courts. 3. The undisputed value of the withdrawn shares shall be paid to their holders prior to completion of the merger, before the committee mentioned in the preceding Clause is approached concerning the disputed value.
Interpretation and application must be checked against the official text and current version.