Company Act Article 131

The promoters, after having subscribed in the first issue to the total number of shares, shall make full payment for the numbers of shares respectively subscribed to, and elect directors and supervisors.The provisions of Article 198 shall apply mutatis mutandis to the aforesaid election.Equity capital to be contributed other than cash by promoters may be in the form of the property or technical know-how required by the business of the company.