Page 262 - Albanian law on entrepreuners and companies - text with with commentary

(3) If a call remains unpaid after it has become due and payable the person from whom it is
due and payable shall pay interest on the amount unpaid from the day it became due and
payable until it is paid at the annual rate of 4%.
(4) If a call remains unpaid after it has become due and payable the Managing Directors may
give to the person from whom it is due not less than thirty clear days’ notice requiring
payment of the amount unpaid together with any interest which may have accrued. The
notice shall name the place where payment is to be made and shall state that if the notice is
not complied with the legal consequences will be as provided by Article 124 (2) and (3) of
the Law.
(5) If the payment is not carried out within the deadline required by Article 124 (3), the
share in respect of which the notice was given may be withdrawn by a decision of the
Managing Directors and the withdrawal shall include all dividends or other moneys payable
in respect of the withdrawn shares and not paid before the withdrawal.
(6) The withdrawal of the share will lead to a capital reduction in accordance with Article
186 of the Law.
(7) A person any of whose shares have been withdrawn shall cease to be a shareholder in
respect of them but will remain liable to the company for all contributions which at the date
of withdrawal were presently payable by him/her to the company in respect of those shares
with interest at the rate at which interest was payable on those contributions before the
withdrawal.

Article 7: Types of Shares, Bonds, Rights and Restrictions
(1) Subject to the provisions of the Law and without prejudice to any rights attached to any
existing shares, any share may be issued with such rights or restrictions as the General
Meeting by qualified resolution (three-quarter majority) determines.
(2) The General Meeting may determine by the same qualified resolution to issue bonds the
holders of which are guaranteed the right to conversion into shares or the pre-emption right
in relation to shares (convertible bonds) and bonds connecting the rights of their holders to a
shareholders' profit share (profit sharing bonds).

Article 8: Share Certificates
Every shareholder shall be entitled, on payment of a sum to be determined by the General
Meeting but not above ….. (insert reasonable sum), to one certificate for all the shares of
each class held by him/her. The company shall not be bound to issue more than one
certificate for shares held jointly by several persons and delivery of a certificate to the
representative of the joint holders as of Article 121 (1) of the Law shall be a sufficient
delivery to all of them. The joint owners shall be listed on the share certificate. Article 117
(2) applies.

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