Article 101: Reduction of the statutory capital of the company

1. An equity company may, under the Share-Study Act, reduce its statutory capital by reducing the nominal value of shares or by buying a portion of shares for purposes of reduction. The reduction of the statutory capital of a society is permitted upon notification to all its creditors in the manner defined by the law on joint stock companies. The rights and obligations of creditors of credit organizations and non-creditor finance are determined by the law on joint-stock companies. 2. The reduction of the statutory capital of the stock is also determined by the laws governing the activities of such organizations. By buying and paying part of the shares, it is permissible, if this is provided for in the statutes of the society.