art_47__text_2
However, Member States may allow those who undertake to place shares in the exercise of their profession to pay less than the total price of the shares for which they subscribe in the course of this transaction.
National law under this provision
1 national measure recorded under this provision, in 1 form — sign in to view the analysis.
← art_47__text_1 · All articles · Article 48 →
Source: EUR-Lex (Cellar) · retrieved 2026-09-25 · Text as adopted (Official Journal); later amendments are not incorporated in this text.