Articles of Association of Unilever N.V.
Articles of Association of Unilever N.V.
Articles of Association of Unilever N.V.
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Section III<br />
Community <strong>of</strong> property <strong>of</strong> shares or depositary<br />
receipts for shares<br />
Article 8<br />
8.1 If shares or depositary receipts for shares form part <strong>of</strong> a community <strong>of</strong> property other<br />
than a community <strong>of</strong> property resulting from the application <strong>of</strong> the Act on securities<br />
transactions by giro, the Company is entitled to admit one person only, designated in<br />
writing by the joint participants in that other community <strong>of</strong> property, to exercise the<br />
rights attached to such shares or depositary receipts, except where otherwise provided<br />
by law or these <strong>Articles</strong> <strong>of</strong> <strong>Association</strong>. The joint participants in that other community<br />
<strong>of</strong> property may also designate more than one person. If that other community <strong>of</strong><br />
property comprises shares, the joint participants in that other community <strong>of</strong> property<br />
may determine at the time <strong>of</strong> the designation <strong>of</strong> the representative or thereafter – but<br />
only unanimously – that, if a joint participant in that other community <strong>of</strong> property so<br />
wishes, a number <strong>of</strong> votes corresponding to his interest in that other community <strong>of</strong><br />
property will be cast in accordance with his instructions.<br />
The Company shall record these instructions in the share register referred to in Article<br />
11 here<strong>of</strong>.<br />
8.2 If in respect <strong>of</strong> a share the shareholder rights vest in more than one person, then in<br />
these <strong>Articles</strong> <strong>of</strong> <strong>Association</strong>, notwithstanding the provisions <strong>of</strong> the first paragraph,<br />
“shareholder” shall mean the joint holders <strong>of</strong> that share.<br />
Furthermore, when mentioning is made <strong>of</strong> a request or any other action by a<br />
shareholder, these <strong>Articles</strong> <strong>of</strong> <strong>Association</strong> shall refer to the corresponding action <strong>of</strong><br />
a person, who is authorised to perform that action on behalf <strong>of</strong> the shareholder or<br />
pursuant to his own right to perform that action, except where otherwise provided by<br />
law or these <strong>Articles</strong> <strong>of</strong> <strong>Association</strong>.<br />
What has been provided above, shall correspondingly apply to depositary receipts for<br />
shares issued with the co-operation <strong>of</strong> the Company.<br />
<strong>Unilever</strong> N.V. <strong>Articles</strong> <strong>of</strong> <strong>Association</strong> 2009 11