Caducation

The reduction is the right of the management to declare a defaulting shareholder to forfeit his rights from the share subscription and his partial payments under certain conditions and to issue new shares in place of the defaulted new shares; not only in accordance with the Articles of Association, but by law.

Term-Nr.: 141

German: Kaduzierung (451)

Source: LK-Lötscher, 11.05.2020