Grounds and Conditions for Admissible Acquisition of Own Shares by a Joint-Stock Company under the Bulgarian Commercial Law
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Date
2002-01-15
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Plovdiv University Press
Abstract
The main object of the present work is to make a short analize of the grounds and conditions for acquisition of own shares by a joint-stock company. The issue of the ban on the acquisition of own shares is also touched upon, paying particular attention to the interests of creditors and those of shareholders that may be affected. The various methods that the Bulgarian Commercial Law contains for the acquisition of own shares according to the statutory requirements are commented on, as well as the conditions for the acquisition of own shares according to Art. 187a, Para. 2 and Para. 4 of the Commercial Law, the conditions for redemption and the conditions for the redemption of shares with redemption privileges.
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Keywords
acquisition, own shares, joint-stock company, creditors, shareholders