| Article 266 |
The provisions contained in this section shall govern the issue of new shares by installments under Article 156, Paragraph Four.
The issue of new shares of a company shall be determined by the Board of Directors by a resolution adopted by a majority vote at a meeting attended by over two-thirds of the directors.
The provisions of Article 141 and Article 142 shall apply mutatis mutandis to the issue of new shares.
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