§ 55a Authorised capital
(1) The articles of association may authorise the directors for a maximum of five years after entry of the company in the Commercial Register to increase the share capital up to a specified nominal value (ʻauthorised capitalʼ) by issuing new shares against payment of a capital contribution. The nominal value of the authorised capital may not exceed one half of the share capital available at the time of the authorisation.
(2) The authorisation may also be issued by amending the articles of association for a maximum of five years after its entry in the Commercial Register.
(3) Shares may be issued against contributions in kind (section 56) only if provision is made therefor in the authorisation.
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