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von Göler (Hrsg.) / / § 47

§ 47 Voting

(1) The determinations in respect of the company’s affairs which are subject to the shareholders’ disposition shall be made by the passing of a resolution with a majority of the votes cast.

(2) Each euro of a share grants one vote.

(3) Powers of attorney shall require text form in order to be valid.

(4) A shareholder who is to be discharged or exempt from an obligation by resolution shall have no voting right in this connection nor may he exercise that voting right for another. The same shall apply to a resolution concerning the performance of a legal transaction or the initiation or termination of a lawsuit against a shareholder.

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