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Bearer Shares

13.11.2014 (Luxembourg)

The New Law dated on 16th July 2014 on immobilization of bearer shares and units

The Law applies to Luxembourgish commercial law companies that have issued or intend to issue bearer shares or units.
Bearer shares or units, whether already in issue or to be issued in the future, need to be kept with a professional depositary appointed by the issuer's board of director.
The depositary shall keep a register of the shares or units which are deposited.
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