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Section 2 Division by acquisition

United Kingdom

Original text. Later amendments are not shown.

  1. 136Definition of a ‘division by acquisition’
  2. 137Draft terms of division
  3. 138Publication of the draft terms of division
  4. 139Approval by the general meeting of each company involved in a division
  5. 140Derogation from the requirement of approval by the general meeting of a recipient company
  6. 141Detailed written report and information on a division
  7. 142Examination of the draft terms of division by experts
  8. 143Availability of documents for inspection by shareholders
  9. 144Simplified formalities
  10. 145Protection of employees' rights
  11. 146Protection of the interests of creditors of companies involved in a division; joint and several liability of the recipient companies
  12. 147Protection of holders of securities, other than shares, to which special rights are attached
  13. 148Drawing up and certification of documents in due legal form
  14. 149Date on which a division takes effect
  15. 150Publication formalities
  16. 151Consequences of a division
  17. 152Civil liability of members of the administrative or management bodies of a company being divided
  18. 153Conditions for nullity of a division
  19. 154Exemption from the requirement of approval by the general meeting of the company being divided

Notes on Title II

Textual amendments

F1

Substituted by Directive (EU) 2019/2121 of the European Parliament and of the Council of 27 November 2019 amending Directive (EU) 2017/1132 as regards cross-border conversions, mergers and divisions (Text with EEA relevance).