315. Sentence of imprisonment for a period of not exceeding five months and simultaneously a fine of an amount not exceeding M. 20,000 may be imposed upon
(1) Directors or liquidators if a company has remained without any board of supervision for longer than three months, and upon directors, liquidators, and members of the board of supervision if for more than three months there have not been enough members of the latter to form a quorum.
(2) Directors or liquidators, if in breach of the rules of sect. 240, paragraph 2, and sect. 298, paragraph 2, they omit to apply for the initiation of bankruptcy pro- ceedings.
if there are extenuating circumstances only a fine may be imposed. No punishment may be inflicted upon any person who can prove that the omission to appoint or complete the board of supervision or apply for the initiation of bankruptcy proceedings was not due to any default on his part.
SHARE COMPANIES. 151
317. A shareholder agreeing in consideration of some special advantage granted or promised to him to vote in a particular manner or to abstain from voting at a general meeting, shall be punishable by a fine not exceeding M. 3,000, or by imprisonment for a period not exceeding one year. The same punishment is to be inflicted upon any person granting or promising any special advantage to a shareholder in consideration of his exercising his vote in a particular manner or abstaining from voting at a general meeting.