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.
Civil Code
2015 English source edition · Current applicability not established.
This is the 2015 English-language edition attributed in its front matter to the Ministry of Justice. Eri Atlas has not independently verified the translation, later changes, or whether the text is currently in force. Nine passages are incomplete in the available scan and are identified where they occur.
Article 1226
Subscription for New Shares · Preserved transcription; page attribution imported from the source collection. Verify against the original.
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.