Act No. 130/2004, Art Sample Clauses

Act No. 130/2004, Art. 9. [Art. 106]1) [A merger of a financial undertaking with another undertaking is permitted only with the consent of the Financial Supervisory Authority The transfer of individual operating units of financial undertakings to other undertakings by other means, such as sale, is also subject to the consent of the Financial Supervisory Authority. For the purposes of this provision, operating units shall mean viable units of a financial undertaking, e.g. branches. A merger of a financial undertaking with another undertaking is only authorised if a decision thereto has been approved by a shareholders' meeting or meeting of guarantee capital owners in the undertaking taken with at least 2/3 of the votes cast, and furthermore the approval of shareholders or guarantee capital owners in the undertaking taken over controlling at least 2/3 of the share capital or guarantee capital represented at the meeting of shareholders or guarantee capital owners. If the undertaking taken over is completely owned by the company taking it over, voting as provided for in the first sentence of this paragraph in the company taken over is not required.]2)
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Act No. 130/2004, Art. 11. [Art. 115]1) Exemption from stamp duty Deposit documents, cheques and any type of obligation issued in the name of financial undertakings, obligations entitling them to a pledge, dividend coupons of their bonds and assignments shall be exempt from stamp duties.
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Act No. 130/2004, Art. 11. [Art. 116]1) Exempted funds and exemption from legal form Notwithstanding the authorisations of the Harbours Improvement Fund, as provided for in Act No. 23/1994, the Harbours Act; of the Housing Financing Fund, as provided for in Act No. 44/1998, on Housing Affairs; and the Tourism Fund, as provided for in Act No. 117/1994, on the Organisation of Tourism; these funds shall not be considered financial undertakings in accordance with this Act. Public investment funds in operation upon the entry into force of this Act shall be exempt from the requirements of Art. 13 on operating as a limited-liability company.
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Act No. 130/2004, Art. 11. [Art. 119]1)
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