§ 57k Partial rights; exercise of rights

(1) If the capital increase leads to only part of a new share being allotted to a share, this partial right is independently alienable and inheritable.

(2) The rights arising from a new share, including the right to issuance of a certificate on the new share, may be exercised only if partial rights which together amount to a full share are held by a single shareholder or if several entitled persons whose partial rights together amount to a full share jointly exercise their rights (section 18).

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§ 57j Allocation of shares
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§ 57l Participation in increase in share capital
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