Article 99. The authorized capital of the company.
1. The authorized capital of a joint stock company is made up of the nominal value of shares of the company acquired by shareholders. The authorized capital of a company determines the minimum amount of property of a company guaranteeing the interests of its creditors. It may not be less than the amount stipulated by the law on joint-stock companies. 2. A shareholder shall not be exempted from the obligation to pay for the company's shares, including his release from this obligation by offsetting claims to the company. 3. Public subscription for shares of a joint-stock company is not allowed until full payment of the share capital. When establishing a joint stock company, all its shares must be distributed among the founders. 4. If at the end of the second and each subsequent fiscal year the cost of the company's net assets is less than the authorized capital, the company must declare and register, in the established manner, a decrease in its authorized capital. If the value of the said assets of the company becomes less than the minimum statutory share capital (paragraph 1 of this article), the company is subject to liquidation. 5. The law or the company's charter may establish restrictions on the number, total nominal value of shares or the maximum number of votes belonging to one shareholder.