BMY » Topics » ARTICLE 8 REPRESENTATION OF THE SHARES - INDIVISIBILITY - RIGHTS AND OBLIGATIONS OF THE PARTNERS
This excerpt taken from the BMY 8-K filed Aug 17, 2009.
ARTICLE 8 REPRESENTATION OF THE SHARES INDIVISIBILITY RIGHTS AND OBLIGATIONS OF THE PARTNERS
Representation of the shares. The shares cannot be represented by negotiable certificates.
Indivisibility of the shares. The shares are indivisibles concerning the Company which acknowledges only one owner for each of them.
Rights and obligations of the Partners, Each Partner has a proportional right to its holding in the capital of the Company, in the profits of the Company and all the
assets. Each Partner responds indefinitely and jointly for the corporate debts. However, in the relations between them, each of the Partners responds for the corporate debts only in proportion to its holding in the capital.
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