Civil Code · English · 2015
Article 1226
Subscription for New Shares
(1)
Where a preferential right of subscription is granted in respect of a share to which the usufruct extends, the right to subscribe for the new shares shall belong to the owner of the share.
#(2)
the usufructuary’s right shall extend to the new shares subscribed for by the owner or to the proceeds of the sale of the subscription rights.
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