§ Sec­tion 27 GmbHG Aban­don­ment right/obligation to make addi­tio­nal con­tri­bu­ti­ons

Auc­tion of GmbH shares § 27 GmbHG

§ Sec­tion 27 of the Ger­man Limi­t­ed Lia­bi­li­ty Com­pa­nies Act (GmbHG) gives share­hol­ders of a limi­t­ed lia­bi­li­ty com­pa­ny the right to aban­don their shares if they are unwil­ling or unable to ful­fill an obli­ga­ti­on to make an unli­mi­t­ed addi­tio­nal pay­ment. He can then release his com­pa­ny share.

Accor­din­gly, in the event of an unli­mi­t­ed obli­ga­ti­on to make addi­tio­nal con­tri­bu­ti­ons, the share­hol­der may exempt hims­elf from pay­ing the addi­tio­nal con­tri­bu­ti­on deman­ded by making his share available to the com­pa­ny. The share must be sold by public auc­tion.