S.L. 386.28 Art. 24Prohibition of share exchange.

Upon a cross-border merger becoming effective, no shares in the acquiring company shall be exchanged for shares in the company being acquired held either:

(a) by the acquiring company itself or through a person acting in his or her own name but on its behalf; or

(b) by the company being acquired itself or through a person acting in his or her own name but on its behalf.