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87/297/Euratom: Council Decision of 18 May 1987 approving… Article 13

87/297/Euratom: Council Decision of 18 May 1987 approving… Article 13

Article 13

Rights attached to shares Each share shall carry the right to a share in the assets of the company, a share in the profits and a share in the liquidation surplus proportional to the share of the company's capital which it represents. Each share shall carry a right, both during the existence of the company and in the event of its liquidation, to settlement of the same net sum for any distribution or any reimbursement. The rights and obligations attached to a share shall pass to the acquirer thereof, whoever he may be. Ownership of a share shall automatically imply acceptance of the Statutes of the company and of the resolutions passed by the general meeting. The voting right attached to each share, whether or not that share is jointly owned, shall be exercised in accordance with the law. The heirs or creditors of a shareholder may not, on any pretext whatsoever, demand that seals be affixed to the property and documents of the company, nor shall they interfere in any way in its administration; in order to exercise their rights, they shall refer to to schedules of assets and liabilities of the company and to the resolutions of the general meeting. Whenever it is necessary to possess several shares in order to exercise any right in the event of exchange, amalgamation, allocation of shares, increase or decrease of capital, merger of any other company operation, the holders of individual shares or of a number of shares which is less than the required number shall be capable of exercising that right only on condition that they take an active personal part in the grouping and, where appropriate, in the purchase or sale of the requisite number of shares.

Read the full instrument → · Read this in context: TITLE II — CAPITAL - SHARES →

Other provisions in TITLE II — CAPITAL - SHARES

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of 2026-07-04

CitationArticle 13 of 87/297/Euratom: Council Decision of 18 May 1987 approving… (LawPlayer, data as of 2026-07-04)

© European Union, https://eur-lex.europa.eu, 1998-2026. Reuse authorised under Commission Decision 2011/833/EU, provided the source is acknowledged.

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