PART IVEXERCISE OF MEMBER STATE'S OPTIONS UNDER THE EC REGULATION

Additional forms of publication of transfer proposal (Article 8(2))

54.—(1) The SE shall notify in writing its shareholders, and every creditor of whose claim and address it is aware, of the right to examine the transfer proposal and the report drawn up under Article 8(3), at its registered office and, on request, to obtain copies of those documents free of charge, not later than one month before the general meeting called to decide on the transfer.

(2) Every invoice, order for goods or business letter, which, at any time between the date on which the transfer proposal and report become available for inspection at the registered office of the SE and the deletion of its registration on transfer, is issued by or on behalf of the SE, shall contain a statement that the SE is proposing to transfer its registered office to another Member State under Article 8 and identifying that Member State.

(3) If default is made in complying with paragraph (1) or (2) the SE is liable on summary conviction to a fine not exceeding level 3 on the standard scale.