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Article 67
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A shareholder may, by unanimous agreement of all other shareholders, be expelled under any of the following circumstances:
- Inability to contribute the capital which should have been contributed or failure to do so despite repeated demand;
- Violation of the provisions of Article 54 Paragraph 1;
- Improper conduct detrimental to the interest of the company; and
- Failure to attend to important duties of the company; however, such expulsion shall not be valid in respect of such a shareholder until after due notice has been given.
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