Shares and Interests

Shares in limited liability companies and interests in other corporations, such as a cooperative, constitute movable property, even if the relevant corporation’s assets consist only of a real estate or several real estates.

A limited liability company may also acquire its own shares subject to certain conditions, see [Stock Buyback].

A company may, naturally, own shares and interests in other corporations. When this is the case, it should be noted that large shares of ownership may result in the formation of a group of companies [Definition of a Group of Companies], which will have an effect on, for instance, preparation of financial statements.