Proposal for a directive
Article 9
1. Member States shall ensure that an SUP may be formed by the conversion of the types of companies listed in Annex I. 2. The formation of an SUP by conversion shall not result in any winding-up procedures, any loss or interruption of the legal personality or affect any rights or obligations existing prior to the conversion. 3. Member States shall ensure that a company shall not become an SUP unless: (a) a resolution of its shareholders is passed or a decision of its single-member is taken authorising the conversion of the company into an SUP; (b) its articles of association comply with the applicable national law; and (c) its net assets are at least equivalent to the amount of its subscribed share capital plus those reserves which may not be distributed according to its articles of association.Article 9 deleted Conversion into an SUP