Page:British and Foreign State Papers, vol. 155 (1958).djvu/690

674 2. All persons in possession of shares taken over by the State (nationalised) under paragraph 1 are required to surrender their shares. Shares held in Hungary must be handed over to the Central Corporation of Hungarian Banking Companies within 30 days from the coming into force of the present Decree, while shares held abroad must be handed over to the nearest Hungarian diplomatic authorities within 90 days from the coming into force of the present Decree.

3. Shares not surrendered within the time-limits fixed in paragraph 2 will be invalid. For the replacement of invalid shares the person or body issuing the same must, when called upon to do so by the Central Corporation of Banking Companies, make out copies of the shares and surrender the same to the Central Corporation of Banking Companies. The right of ownership of the copies (facsimiles) will be acquired by the State retrospectively as from the day on which the present Decree comes into force.

4. Shareholders failing to fulfil their obligation to surrender shares within the prescribed time-limit will not be entitled to claim compensation.

1. In the case of a limited liability company the State will acquire possession of the stock capital (shares in the business), and, in the case of a közkereseti tärsaság [another form of limited liability company] or société en commandite, the members' shares of the assets (Clause 95 of Act No. 37 of 1875).

2. The members (partners) of a limited liability company, société en commandite or közkereseti tärsaság are required to hand in to the Central Corporation of Hungarian Banking Companies within 30 days from the coming into force of the present Decree (or, if resident abroad, to the nearest Hungarian diplomatic authorities within 90 days from the coming into force of the present Decree) separate or joint statements of their share in the assets which have come into the possession of the State.

3. Members or partners failing to comply with their obligation to report within the prescribed time-limit will not be entitled to claim compensation.

1. In the case of a private firm, the State will acquire the right to ownership of the assets owned by or used for the