{
  "url": "https://openlegislation.uk/eu-directive-2017-1132/article-155",
  "json_url": "https://openlegislation.uk/eu-directive-2017-1132/article-155.json",
  "legislation": "eudr/2017/1132",
  "legislation_title": "Directive (EU) 2017/1132 of the European Parliament and of the Council of 14 June 2017 relating to certain aspects of company law (codification) (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-directive-2017-1132",
  "path": "article/155",
  "kind": "article",
  "number": "155",
  "heading": "Definition of a ‘division by the formation of new companies’",
  "text": "1. For the purposes of this Chapter, ‘division by the formation of new companies’ means the operation whereby, after being wound up without going into liquidation, a company transfers to more than one newly-formed company all its assets and liabilities in exchange for the allocation to the shareholders of the company being divided of shares in the recipient companies, and possibly a cash payment not exceeding 10 % of the nominal value of the shares allocated or, where they have no nominal value, of their accounting par value.\n2. Article 90(2) shall apply.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudr/2017/1132/article/155",
    "retrieved_at": "2026-11-01T15:21:32.484711+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}