1. Il procedimento di liquidazione di azioni e quote in caso di recesso

[Machine translation] The liquidation procedure for shares and units in the event of withdrawal is built following the same scheme with a view to preferring those methods of redemption that do not directly affect the share capital: four liquidation systems graduated according to a criterion of successive priorities whose epilogue is represented by the dissolution of the company. In this perspective, in both hypotheses, there is a strong legislative tension towards the placement of corporate investments using resources outside the company's assets: the privileged position of those forms of reimbursement, which involve the purchase by shareholders or third parties, corroborates this feeling.