Company Act Article 46Aug. 1, 2018

When several or the whole body of shareholders are conducting the business a company, then decisions shall be carried out by a majority vote.

Each shareholder who conducts the business of a company may act independently in all ordinary affairs, provided that in any matter in which any one of the other shareholders who also conducts company business objects, such objection shall be followed immediately by stopping any further proceeding in the matter.

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