2. Plan for the Distribution of the Company’s Remaining Assets

The company's remaining assets shall be distributed among the shareholders in accordance with the plan for the distribution of the company's remaining assets drawn up by the liquidator, in proportion to each shareholder's shareholding, unless otherwise provided for in the founding documents.


Requirements:

  • the document must indicate the distribution of all assets of the company, including funds, immovable property and other assets;
  • distributions to shareholders shall be made in cash, unless otherwise provided for in the articles of association. If the shareholders wish to receive the liquidation quota in assets and the articles of association do not provide that the liquidation quota may be distributed in assets, the shareholders may, before completion of the liquidation (before applying for removal of the company from the commercial register), adopt a decision at the shareholders’ meeting to amend the articles of association by providing for the possibility of distributing the liquidation quota in assets. At the same meeting, the shareholders may also decide that the liquidation quota shall be distributed to the shareholders in assets.

It should be noted that, after the company has been removed from the commercial register, this can no longer be done, i.e. if immovable property or funds in a bank account remain registered in the company's name, the shareholders will no longer be able to acquire them into their ownership.