the cession of shares, subject to payment or free of charge, to a third person who is not a shareholder or to another person who is not spouse, ancestor, descendent, can be made by the resolution of the shareholder meeting representing a majority of votes of more than 51% of voting power of the shareholders presented in meeting.
the intention of cession must be notified in writing to the company and by an authenticated letter to other shareholders with acknowledgment of the reception of the letter.
if the company dose not approve this share cession within 3 month after issuing this objection notice, it shall issue a notice to all other shareholders to purchase those shares at a price agree by all parties.
the company may decide, upon a mutual agreement with the shareholders who wishes to processed with the cession of shares, to decrease the capital-in-cash of the company up to the amount which is equal to the shares that are being transferred, and shall repurchase all these shares at a price specified in the aforementioned conditions.
the company shall be deemed to have consented and the shareholders who with to cede their shares may execute to shares cession as stated in the aforementioned provisions, if the company failed to purchase these shares back within 3 months, or fails to assign any shareholder or any third party to buy these shares, or fails to answer about the decision upon this share cession.