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A board member must not take part in handling certain conflicted matters.

Hallituksen jäsen ei saa osallistua käsittelyyn tietyissä eturistiriitatilanteissa.

The board chair must ensure the board meets when needed, and a meeting must be called if a board member or the manager requests it.

The board chair must make sure the board meets when needed, and a meeting must be called if a board member or the property manager requests it.

Board meeting minutes must be prepared, signed, numbered, and stored reliably. Certain board members, the managing director present, and shareholders have recording and information rights.

Board meeting minutes must be signed, numbered consecutively, and kept reliably. Board members and the manager have a right to have dissenting opinions recorded, and shareholders have a right to receive certain board decisions affecting their share-based rights or duties.

The board may decide certain matters that normally belong to the property manager, and it may also refer matters within the board’s or property manager’s general duties to the general meeting.

The board may decide a matter within the managing director’s general duties, even if the company has a managing director, and may also submit such a matter to the shareholders’ meeting.

The board must normally have 3 to 5 regular members, have at least one deputy member if it has fewer than three members, and choose a chairperson if it has several members.

If the board has several members, a chairperson must be chosen; the board chooses the chairperson unless the board meeting or articles say otherwise. A managing director may be chairperson only if the articles so provide or all shareholders agree.

Yhtiökokous valitsee hallituksen jäsenet. Yhtiöjärjestys voi kuitenkin määrätä osasta jäseniä toisin, ja silloin yhtiökokous voi valita jäsenen vain jos sitä ei ole jo valittu muulla tavalla eikä yhtiöjärjestys estä sitä.

Yhtiökokous valitsee hallituksen jäsenet, mutta yhtiöjärjestys voi määrätä, että alle puolet jäsenistä valitaan toisin.

A board member cannot be a legal person, minor, person under guardianship or capacity restriction, or a bankrupt person. At least one board member must reside in the European Economic Area unless the registry authority grants permission to deviate.

A board member cannot be a legal person, minor, person with a guardian, person with restricted legal capacity, or bankrupt person. At least one board member must live in the EEA unless the register authority grants a waiver.

Hallituksen jäsenen toimikausi päättyy yleensä sen varsinaisen yhtiökokouksen päättyessä, jossa uusi jäsen valitaan.

Board members serve until the end of the ordinary general meeting that decides the next election, unless the articles of association provide otherwise.

A board member may resign before the end of the term, but the resignation takes effect only after notice is given to the board.

A board member may resign before the end of the term, but the resignation takes effect only after notice to the board.

A board member can be removed before the end of the term by the person who elected them; in some cases, the general meeting can remove a non-general-meeting-elected member if the articles have been changed so that the election right no longer exists.

A board member may be removed by the person who elected them. If the general meeting did not elect the member, the general meeting may remove the member only after an articles-of-association change removing the election right.

Jos hallituksen paikka vapautuu kesken toimikauden tai jäsen menettää kelpoisuutensa, tilalle tulee varajäsen tai uusi jäsen on valittava; tietyissä tapauksissa valinta voidaan siirtää seuraavaan yhtiökokoukseen.

If a board seat becomes vacant or a member loses eligibility, a substitute member takes the place of the member; if there is no substitute, the other board members must arrange for a new member to be elected. In some cases, the election may be postponed to the next general meeting.

If a company becomes or ceases to be a parent company, its board must notify the subsidiary’s board or equivalent body without delay, and the subsidiary’s board or equivalent body must provide the parent company’s board with the information needed to assess the group’s status and calculate its result.

If a company becomes or ceases to be a parent company, the board must notify the subsidiary’s board or equivalent body without delay, and the subsidiary’s board or equivalent body must provide the parent company’s board with the information needed to assess group status and calculate results.

A company must record or attach certain non-ordinary-business agreements or commitments with its sole shareholder to the board meeting minutes.

A company must record or attach a contract or commitment with its sole shareholder to the board meeting minutes if it is outside the company’s ordinary business.

Isännöitsijän on hoidettava kiinteistöä, päivittäistä hallintoa, kirjanpitoa ja varainhoitoa sekä annettava hallitukselle tarvittavat tiedot.

The property manager must maintain the property and buildings, run daily administration according to the board’s instructions, keep bookkeeping lawful, manage funds reliably, and give the board needed information.

The property manager has the right to attend a board meeting and speak there, unless the board decides otherwise.

The property manager has a right to attend board meetings and speak there, unless the board decides otherwise.

The managing director must have a residence, or if it is an entity, a registered office, in the European Economic Area unless the registration authority grants permission to depart from that rule.

The manager must have a residence, or if the manager is an entity, a registered office in the EEA, unless the registration authority allows an exception.

The board appoints the property manager, who must be a natural person or a registered entity. The property manager may resign, and the board may remove the manager.

The board appoints the manager, the manager must be a natural person or a registered entity, the manager may resign, and the board may remove the manager.

If a management company is appointed as the property manager, it must tell the company who has principal responsibility, and the principal responsible manager must meet a listed employment/board-position requirement unless otherwise agreed.

If a company is appointed as property manager, it must tell the housing company who is mainly responsible for management, and that person must have one of the specified roles or an agreed alternative applies.

The board represents the company and signs its trade name. The property manager may represent the company in matters that belong to their duties under section 17.

Hallitus edustaa yhtiötä ja allekirjoittaa sen toiminimen. Isännöitsijä voi edustaa yhtiötä vain asiassa, joka kuuluu hänen 17 §:n mukaisiin tehtäviinsä.

The articles of association may give a board member or managing director the right to represent the company, or let the board grant that right to a named person. The board may revoke the right at any time.

The articles of association may allow certain people to represent the company, and the board may revoke that authority at any time.

Only a restriction on a company’s representation right that requires two or more people to act together may be entered in the trade register.

Only a joint-representation restriction may be entered in the trade register.

A company’s representative’s act does not bind the company if the representative exceeded a statutory or section 24 restriction, or exceeded authority and the other party knew or should have known.

A company is not bound by a representative’s act in certain cases, including when the representative exceeds authority or acts against statutory limits.

Yhtiölle voidaan katsoa annetun tiedoksi, kun asiakirjat annetaan hallituksen jäsenelle, isännöitsijälle tai muulle yhtiötä yksin tai yhdessä edustamaan oikeutetulle henkilölle.

Yhtiölle annettu haaste, ilmoitus tai muu tiedoksianto katsotaan toimitetuksi, kun se annetaan hallituksen jäsenelle, isännöitsijälle tai muulle yhtiötä yksin tai yhdessä toisen kanssa edustamaan oikeutetulle henkilölle.

The manager must provide a housing company certificate on request; if there is no manager or the manager is disqualified, the board chair must provide it.

The property manager must give an apartment-share certificate or make the related register update when requested; if there is no property manager or they are disqualified, the board chair must do it instead.

The board must keep a list of maintenance and alteration notices and store the notices reliably by apartment. Shareholders, and certain brokers with a valid mandate, may get copies, and reasonable copy costs approved by the board may be charged.

The manager must provide a housing-share certificate on request; if there is no manager or the manager is disqualified, the chair of the board must provide it.

Yhtiön hallituksen jäsen, isännöitsijä tai heidän valtuuttamansa voi päästä osakehuoneistoon, kun se on tarpeen valvontaa tai kunnossapito- tai muutostyötä varten.

The board must keep a list of maintenance and alteration notices, store the notices reliably by apartment, and send the notice information to the National Land Survey. Apartment owners and certain brokers may get copies, and reasonable board-approved copy fees may be charged.

The shareholders’ meeting may decide to take an apartment into the housing company’s possession for up to three years if one of the listed grounds exists, but not if the breach is only minor.

Board members, the manager, and persons authorized by them may enter an apartment when needed for supervision, maintenance, alteration work, or monitoring that work. Visits should be arranged at a suitable time unless urgency or the nature of the work prevents it. If access is refused, the board member or manager may get police assistance.

The board must give the shareholder a written warning before the apartment can be taken into the company’s possession.

Yhtiökokous voi päättää ottaa osakehuoneiston yhtiön hallintaan enintään kolmeksi vuodeksi tietyissä rikkomustilanteissa.

The shareholders’ meeting must notify certain people about a decision to take an apartment into the company’s possession within 60 days, otherwise the decision is ineffective.

The board must give the shareholder a written warning before the company can decide to take the apartment into its control.

Osakkeenomistaja, vuokralainen tai muu käyttöoikeuden saanut voi viedä hallintaan ottamisen perusteen tuomioistuimen tutkittavaksi, ja moitekanne on nostettava yhtiötä vastaan 30 päivän kuluessa tiedoksisaannista.

Yhtiökokouksen on annettava päätös osakehuoneiston hallintaan ottamisesta tiedoksi osakkeenomistajalle, vuokralaiselle ja muulle käyttöoikeuden saaneelle 60 päivän kuluessa päätöksestä.

Kun osakehuoneisto on otettu yhtiön hallintaan, hallituksen on vuokrattava se viipymättä. Yhtiön on ensisijaisesti tehtävä vuokrasopimus asukkaan tai käyttöoikeuden saaneen kanssa, jos hallintaanotto ei johdu tämän menettelystä. Tarvittavat korjaukset tehdään ensin, jos asunto ei ole vuokrauskunnossa.

Osakkeenomistaja, vuokralainen tai muu osakehuoneistossa asuva käyttöoikeuden saanut voi viedä asian tuomioistuimeen, ja moitekanne on pantava vireille yhtiötä vastaan 30 päivän kuluessa tiedoksisaannista. Jos kanne hylätään, ratkaisu voidaan panna täytäntöön kuten häätötuomio. Tietyssä hallintaanottotilanteessa vuokralaista tai muuta käyttöoikeuden saanutta ei saa häätää ilman yhtiön päätöksen tiedoksiantoa.

A new owner may take possession of the apartment after paying overdue amounts, and a tenant’s right to possess the apartment ends without notice at the latest when the takeover period ends.

Kun osakehuoneisto on otettu yhtiön hallintaan, hallituksen on vuokrattava se viipymättä käypään vuokraan sopivalle vuokralaiselle.

Apartment company auditing is governed by this chapter and the Auditing Act.

A new owner may take possession of the apartment share after paying overdue amounts that rental income could be used for; the tenant’s possession right ends at the latest when the company’s possession-taking period ends, without notice.

The general meeting appoints the company’s auditor. If multiple auditors must be appointed, the articles of association may require that one or some, but not all, are chosen in a different order.

Housing company audits are governed by this chapter and the Auditing Act.

If only one auditor is appointed and it is not an audit firm, the company must appoint at least one deputy auditor.

The general meeting appoints the company’s auditor.

The auditor’s term ends, and the new auditor’s term begins, when the general meeting deciding on the election of the new auditor ends, unless the articles of association or the election decision says otherwise.

If a company elects only one auditor who is not an audit firm, at least one deputy auditor must also be elected.

A housing company must have an auditor elected by the general meeting if the building has at least 30 shareholder-controlled apartments, if another law requires an auditor, or if enough shareholders demand it.

Tilintarkastajan toimikausi päättyy, ja uuden tilintarkastajan toimikausi alkaa, kun uuden tilintarkastajan valinnasta päättävä varsinainen yhtiökokous päättyy, ellei yhtiöjärjestyksessä määrätä tai valinnasta päätettäessä toisin.

Yhtiössä on oltava yhtiökokouksen valitsema toiminnantarkastaja tietyissä tilanteissa, ja aluehallintovirasto voi määrätä hänet, jos häntä ei ole valittu asianmukaisesti.

A housing company must have an auditor elected by the general meeting if the legal conditions in this section are met.

If only one operations auditor is chosen, at least one deputy operations auditor must also be chosen.

The company must have an auditor-like examiner selected by the general meeting when there is no auditor and the articles do not say otherwise.

An internal auditor must meet specific eligibility and independence requirements, and must refuse or step down if independent performance is substantially not possible.

If only one auditor is chosen, at least one deputy auditor must also be chosen.

Toiminnantarkastus must cover the company’s finances and administration to an extent adequate for the nature and scope of the company’s activities.

An auditor must meet qualification and independence requirements, and certain persons may not serve as auditor.

The auditor must issue a dated, signed audit report for each fiscal year, describe the financial statement it covers, include specific opinions, note any inability to give an opinion, flag certain misconduct or legal breaches, and deliver the report to the board at least two weeks before the meeting that will adopt the financial statements.

The operational audit must examine the company’s finances and administration in a manner that is sufficient for the nature and extent of the company’s activities.

The auditor is entitled to receive a fee from the company, and the company must also cover other costs arising from the audit.

The auditor must prepare a dated, signed report for each financial year, identify the financial statements covered, include required opinions, note if no opinion can be given, and deliver the report to the board at least two weeks before the shareholders’ meeting.

The auditor must be allowed to inspect and receive help; may attend and speak at relevant board and general meetings; and must give certain information on request, unless disclosure would cause material harm.

The audit examiner is entitled to receive a fee from the company, and the company must also cover other costs arising from the audit.

Osakkeenomistaja may apply for a special inspection from the company’s local Regional State Administrative Agency, if the proposal has been handled and supported at the shareholders’ meeting.

The company board and property manager must let the auditor inspect as needed and provide requested explanations and help. The auditor may attend and speak at relevant meetings, must attend when needed, must give requested details unless this would materially harm the company, and may not otherwise disclose information except in listed cases.

A special auditor must be a natural person or an audit firm, and must have sufficient financial and legal knowledge and experience for the assignment.

A shareholder may apply to the regional state administrative agency for a special audit of a company’s administration and accounts, if the proposal was handled at the general meeting and supported in the required way.

The special-audit report must be made available to shareholders for at least two weeks before the general meeting, sent promptly to any requesting shareholder, and shown at the meeting.

A special auditor must be a natural person or an audit firm, and must have sufficient financial and legal knowledge and experience for the task.

A special auditor is entitled to a fee from the company, and the company must also cover other inspection costs.

A report on a special audit must be given to the general meeting and made available to shareholders before the meeting and at the meeting.

The company’s equity is split into restricted and unrestricted equity, and a reserve fund created before 1 January 1992 must be shown in the housing company’s equity in line with its terms.

The special auditor is entitled to a fee from the company, and the company must also pay other costs from the special audit.

The provision says what must be recorded in the invested unrestricted equity fund.

Yhtiön oma pääoma jakautuu sidottuun ja vapaaseen omaan pääomaan, ja ennen 1.1.1992 syntynyt vararahasto on esitettävä asunto-osakeyhtiön omassa pääomassa sen ehtojen mukaisesti.

Financial statements and the annual report must be prepared according to the Accounting Act and this chapter.

This section defines what is recorded in the invested unrestricted equity fund.

Yhtiön tilikausi määrätään perustamissopimuksessa tai yhtiöjärjestyksessä. Jos tilikausi on määrätty perustamissopimuksessa, yhtiökokous päättää sen muuttamisesta, ja muutos tulee voimaan vasta rekisteröinnin jälkeen.

Financial statements and the annual report must be prepared in accordance with the Accounting Act and this chapter.

Asunto-osakeyhtiön on aina laadittava toimintakertomus ja sisällytettävä siihen laissa vaaditut tiedot.

The company’s fiscal year is set in the founders’ agreement or the articles of association. If it is set in the founders’ agreement, the general meeting decides on any change, and the change takes effect when registered.

The company must describe specified restructuring, share issue, option-right, subscription, and board authorization matters in its management report.

Asunto-osakeyhtiön on aina laadittava toimintakertomus ja sisällytettävä siihen laissa vaaditut tiedot.

The annual report must include information about the company’s and its subsidiaries’ own and parent-company shares.

The company must include a report in the annual report on certain restructuring and equity-related matters.

A parent company must prepare consolidated financial statements if it distributes assets to shareholders.

Yhtiön on toimintakertomuksessa ilmoitettava tietyt tiedot omista ja emoyhtiön osakkeista sekä panttina olevista osakkeista.

The Accounting Board may issue instructions and opinions on how to apply the rules on preparing financial statements and the annual report.

Parent companies must prepare consolidated financial statements when they distribute funds to shareholders, and must follow the chapter’s rules when doing so.

This section says when a housing company is treated as the parent company and when a group exists.

Kirjanpitolautakunta voi antaa ohjeita ja lausuntoja tämän lain tilinpäätöksen ja toimintakertomuksen laatimista koskevien säännösten soveltamisesta.

A company may distribute assets to shareholders only in the ways allowed by law, and it must not make disguised distributions that reduce assets or increase liabilities without a business basis. No assets may be distributed before the company is registered.

This section says when a housing company is treated as a parent company and when it forms a group with its subsidiaries.

Assets must not be distributed if, at the time of the decision, it is known or should have been known that the company is insolvent or that the distribution would cause insolvency.

Yhtiö saa jakaa varoja osakkeenomistajille vain lain sallimilla tavoilla, eikä varoja saa jakaa ennen yhtiön rekisteröimistä.

Asset distribution must be based on the latest approved financial statements; if the company must appoint an auditor, the financial statements must be audited.

Assets may not be distributed if, when the distribution is decided, it is known or should have been known that the company is insolvent or that the distribution would cause insolvency.

Varojen saajan on palautettava yhtiöstä saadut varat, jos ne on saatu vastoin lakia tai yhtiöjärjestystä ja saaja tiesi tai hänen olisi pitänyt tietää asiasta.

Varojen jakaminen perustuu viimeksi vahvistettuun tilinpäätökseen, ja jos yhtiöllä on tilintarkastusvelvollisuus, tilinpäätöksen on oltava tilintarkastettu.

The company may distribute free equity capital, after deducting funds that the articles of association require to be left undistributed, unless section 2 on solvency says otherwise.

Funds received from the company contrary to the law or the articles of association must be returned, and annual interest must be paid on the amount returned.

Profit distributions are decided by the general meeting, which must state the amount and source of the distribution.

The company may distribute free equity, but only after subtracting any funds that the articles of association require to be left undistributed, and subject to section 2 on solvency.

Yhtiö may give a loan or security only under the stated conditions; the restriction can be waived in specified company-interest cases with shareholder consent or a shareholders’ meeting majority decision.

The general meeting decides on distribution, and any authorization for the board must be stated in the decision and is time-limited.

This section defines who counts as the company’s related party.

A company may only give a loan or security if the debtor is not a related person under section 8 and the loan is needed for the company’s building maintenance or use.

The foundation agreement must be written and signed by all shareholders. Signing counts as subscribing the shares stated in the agreement, and that subscription cannot be withdrawn after all shares have been subscribed unless the parties agree otherwise.

This section defines who counts as the company’s related parties.

The founding agreement must state key incorporation details, and it may name the chair of the board.

To found the company, a written incorporation agreement must be prepared and signed by all shareholders.

The share subscription price is recorded in share capital unless the founders' agreement or articles of association specify that part of it is recorded in the building reserve fund or invested unrestricted equity fund, or the Accounting Act provides otherwise.

The incorporation agreement must always state several required details, including the date, shareholders and share subscriptions, share price, payment time, board members, and certain start bases; it must also include or attach the articles of association.

Cash subscription price must be paid into specified company accounts.

Osakkeen merkintähinta merkitään osakepääomaan, ellei perustamissopimuksessa tai yhtiöjärjestyksessä määrätä osittaisesta merkitsemisestä rakennusrahastoon tai sijoitetun vapaan oman pääoman rahastoon, tai jollei kirjanpitolaissa toisin säädetä.

If share subscription is paid with property instead of cash, the property must have at least the value of the payment for the company, and work or service commitments cannot count as contribution property.

A cash-paid subscription price must be paid to the company’s specified bank account or a corresponding foreign account.

If the subscription price, including possible late interest, is not paid by the due date and no extra time is granted, the board may declare the share right forfeited and may give the subscription right to someone else.

If share subscription is paid with non-cash property, the property must have at least the same value as the payment, and a work-or-service commitment cannot count as such property.

Yhtiö must be registered within three months of signing the founding agreement, and the registration notice must include required statements and evidence.

If the subscription price, including possible late interest, is not paid when due and the board has not given more time, the board may declare the share right forfeited and give the subscription right to someone else. The forfeited person must also pay the company compensation equal to one tenth of the subscription price plus any collection costs.

Yhtiö syntyy rekisteröinnillä, ja tietyistä toimista aiheutuneet velvoitteet siirtyvät yhtiölle rekisteröinnissä. Osakkeenomistaja ei rekisteröinnin jälkeen voi vapautua osakemerkinnästä vetoamalla siihen, ettei perustamisehto ole täyttynyt.

Yhtiö must be registered within three months of signing the incorporation agreement, and only fully paid shares may be registered.

Before registration, the company cannot acquire rights, incur obligations, or appear as a party in court or before another authority.

Yhtiö syntyy rekisteröimisellä, ja tietyistä perustamiseen liittyvistä toimista syntyneet velvoitteet siirtyvät yhtiölle rekisteröinnissä. Rekisteröinnin jälkeen osakkeenomistaja ei voi vedota toteutumattomaan perustamisehtoon vapautuakseen osakemerkinnästä.

Yhtiön sopimuskumppani voi tietyissä tilanteissa luopua sopimuksesta, kun yhtiötä ei ole rekisteröity.

Before registration, the company cannot acquire rights, make commitments, or appear as a party before a court or other authority.

If the company is not filed for registration within the deadline in 7 §(1) or registration is refused, the formation lapses.

A company’s contract partner may withdraw from a contract with an unregistered company in the situations described in this section.

A company may issue new shares or transfer its own shares, and the share issue may be for payment or free of charge.

If the company formation lapses, the board and the manager must jointly return the amounts paid for subscribed shares and the profit from them to the shareholders, unless ordinary costs from the measures in section 9(3) are deducted.

The general meeting decides on a share issue, and it may authorize the board to decide on a paid share issue in whole or in part.

A company may issue new shares or transfer its own treasury shares.

In a share issue, existing shareholders have a pre-emptive right to subscribe for new shares in proportion to their current holdings.

Share issues are decided by the general meeting, which may also authorize the board to decide a paid share issue in whole or in part.

If the board proposes a directed share issue or a share issue authorization that does not exclude the board’s power to decide on a directed share issue, the matter must be stated in the general meeting notice.

In a share issue, shareholders have a pre-emptive right to subscribe for new shares in proportion to their existing holdings. The articles of association may deviate from that rule, and a directed share issue is allowed only if the pre-emptive right cannot be followed or there is a weighty financial reason for the company; a directed share issue may not be free of charge.

A paid share issue decision must state the share count, who may subscribe, the subscription price and basis, payment time, and related commencement and timing details.

If the board proposes a directed share issue or a share issue authorisation that still allows the board to decide on a directed share issue, this must be stated in the general meeting notice.

Uuden osakkeen merkintähinta kirjataan yleensä osakepääoman korotukseksi, ellei osakeantipäätöksessä määrätä toisin tai kirjanpitolaissa toisin säädetä.

A paid share issue decision must state the key terms of the issue, including the number of shares, who may subscribe, the subscription price, payment time, and when related rights begin.

Osakkeenomistajalle, jolla on oikeus merkitä osakkeita, on ilmoitettava päätöksestä ja toimintaohjeista ennen merkintäajan alkua; tiedot ja tietyt asiakirjat on pidettävä saatavilla koko merkintäajan.

The subscription price of a new share is recorded as an increase in share capital unless the share issue decision says all or part goes to the reserve for invested unrestricted equity or the building reserve, or the Accounting Act provides otherwise.

A share subscription must be made in a way that can be evidenced, and the subscription must state the subscriber, the share issue decision it is based on, and the shares covered.

Shareholders entitled to subscribe shares must be informed of the decision before the subscription period starts, unless the same information is already in the meeting notice or available at the meeting they attend.

Yhtiö ei saa luovuttaa tai pantata merkintähintasaamistaan. Jos yhtiö asetetaan konkurssiin, saaminen kuuluu konkurssipesään. Merkintähinta voidaan kuitata yhtiöltä olevalla saamisella vain hallituksen suostumuksella, ellei osakeantipäätöksessä määrätä toisin.

Share subscriptions must be made in provable form and must show the subscriber, the share issue decision, and the shares covered.

Cash subscription price must be paid to the company’s deposit bank account in Finland, or to the Finnish branch account of an authorized foreign credit institution, or to an equivalent account abroad.

Yhtiö ei saa luovuttaa tai pantata merkintähintasaamistaan. Konkurssissa saaminen kuuluu konkurssipesään. Merkintähinnan kuittaaminen yhtiöltä olevalla saamisella vaatii yleensä hallituksen suostumuksen, ellei osakeantipäätöksessä ole toisin määrätty.

If subscription price is paid with non-cash property, that property must have at least the value of the payment, and the subscriber may have to prove that value and pay any shortfall in cash.

Cash subscription price must be paid into a specified company account in Finland or another allowed account.

Hallitus may declare a share right forfeited if the subscription price and any late interest are unpaid when due and no extra payment time has been granted.

If subscription price is paid with non-cash property, the property must have at least the value of the payment to the company, and work or service commitments cannot be used as non-cash property.

New shares may be registered only after full payment and any subscription conditions are met, and the company must file the registration without undue delay with required attachments.

If the subscription price and any late interest are not paid when due and no extra time is given, the board may declare the share right forfeited; after that, it may assign the subscription right to someone else or cancel the unpaid new share.

Uusi osake tuottaa osakkeenomistajan oikeudet rekisteröinnistä alkaen, ellei osakeantipäätöksessä määrätä myöhempää ajankohtaa; oikeudet syntyvät kuitenkin viimeistään vuoden kuluessa rekisteröinnistä.

The board must promptly register the share subscribers after the required notice, and new shares may be registered only after they are fully paid and any other subscription terms are met.

Own shares held by the company may not be transferred before the transfer is fully paid.

Uusi osake antaa osakkeenomistajan oikeudet rekisteröinnistä alkaen, ellei osakeantipäätös määrää myöhempää ajankohtaa; joka tapauksessa oikeudet syntyvät viimeistään vuoden kuluttua rekisteröinnistä.

A decision on a free share issue must state how many shares are issued and whether they are new shares or shares held by the company.

Own shares held by the company may not be transferred before the transfer price has been fully paid.

A free share issue must be notified for registration promptly after the share issue decision. Shares get shareholder rights from registration, unless the share issue decision sets a later time.

A decision on a free share issue must state the number of shares issued and whether they are new shares or shares held by the company.

Yhtiö voi päättää maksuttomasta osakeannista itselleen.

Maksuton osakeanti on ilmoitettava rekisteröitäväksi viipymättä osakeantipäätöksen jälkeen. Osakkeet tuottavat muut kuin 16 §:ssä tarkoitetut osakkeenomistajan oikeudet rekisteröimisestä alkaen, ellei osakeantipäätöksessä määrätä myöhemmästä ajankohdasta.

Yhtiö voi tietyin edellytyksin antaa erityisiä oikeuksia, joilla saa uusia tai yhtiön hallussa olevia osakkeita maksua vastaan. Oikeudenhaltijalla voi olla valintaoikeus osakkeiden merkitsemiseen, ja oikeuteen voi liittyä myös sitoumus osakkeen merkintään.

Yhtiö voi päättää maksuttomasta osakeannista itselleen, ja uusia osakkeita käsitellään yhtiön hallussa olevia omia osakkeita koskevien sääntöjen mukaisesti.

The general meeting decides on granting option rights and related rights, or it may authorize the board to decide. Some decisions must be made by qualified majority.

A company may grant special rights to receive new shares or treasury shares if there is a weighty economic reason; the right holder may choose whether to subscribe for shares, and the right may include a subscription commitment.

Optio- ja muiden 1 §:ssä tarkoitettujen oikeuksien antamista koskevassa päätöksessä on mainittava tietyt keskeiset ehdot, kuten osakkeet, oikeuksien määrä, saajat, hinnat, ajat, perustelut ja eräät sulautumista, jakautumista ja lunastusta koskevat määräykset.

The general meeting decides on issuing option rights and related rights, but it may authorize the board to decide on them in whole or in part.

Shareholders are entitled to be informed about decisions to issue option rights and other rights mentioned in section 1, if the board makes the decision under an authorization.

A decision granting option rights or similar rights must state the key terms, including what shares the rights cover, how many rights are issued, who may receive them, pricing and payment timing if consideration is charged, and special terms for mergers, demergers, repurchases, and dispute handling.

Optio-oikeuksien ja muiden 1 §:ssä tarkoitettujen oikeuksien merkinnän on oltava todisteellinen, ja merkinnästä on käytävä ilmi merkitsijä, yhtiön päätös sekä merkinnän kohteena olevat oikeudet.

If the board decides under authorization to grant option rights or other rights covered by section 1, that decision must be notified to shareholders in the same way as a general meeting notice.