Examples of German Stock Corporation Act in a sentence
Section 103 (2) German Stock Corporation Act ( AktG) shall apply to the members of the joint committee to be delegated by the general partner.
To the extent no simplification is specified in the invitation to the General Meeting, the issue of the proxy, its revocation and the evidence of authorization to the Company require text form; Section 135 German Stock Corporation Act remains unaffected.
Subject to the following paragraphs of this Section 13, if no specific voting instructions are received by the Depositary from any Holder (to whom a notice was sent by the Depositary) with respect to the Deposited Securities, such Holder shall be deemed, and the Depositary shall deem such Holder, to have instructed the Depositary to give a proxy to the Proxy Bank to vote such Deposited Securities in accordance with Section 135 of the German Stock Corporation Act.
The supervisory board consists of six (6) members.All six (6) members shall be elected by the general meeting according to the provisions of the German Stock Corporation Act ( AktG).
When new shares are issued, the commencement of dividend entitlement in respect of these new shares may be determined in derogation of the German Stock Corporation Act, section 60 (2).
The Executive Board owes a duty to the Company to adhere to the limitations imposed by the Articles of Incorporation or the Supervisory Board regarding the scope of its management authority or which result from a resolution adopted by the General Meeting of Shareholders pursuant to the German Stock Corporation Act, section 119.
In case of a capital increase, the profit participation may be determined in derogation from Section 60 (2) German Stock Corporation Act ( AktG).Art.
The Company is authorized to act in all the business areas listed in paragraph 1 and to delegate such activities to affiliated enterprises within the meaning of the German Stock Corporation Act, sections 15ff; in particular the Company is authorized to delegate its business in whole or in parts to such enterprises.
The Company has advised that at the date of this Deposit Agreement, Section 128(2) of the German Stock Corporation Act requires a Vorschlag (a “Recommendation”) be issued in respect of meeting agenda items under certain circumstances by certain German banks (which for the purposes of the Deposit Agreement is the Custodian, or other banks as will be appointed by the Depositary) that may exercise voting rights on behalf of shareholders.
The Company has further advised that Section 135 of the German Stock Corporation Act provides that if such German banks do not receive voting instructions from the owners of such shares, the certain German banks will vote such shares, except under certain limited circumstances, in accordance with the Recommendation issued under Section 128(2) of the German Stock Corporation Act.