Journal of
Italian
Banking
Association
year 100
Italian
Banking
Association
year 100
The dematerialization of limited liability company shares
Andrea CesarettiMay 2024 - n. 5
Keywords: Srl innovative, quote dematerializzate, mercato dei capitali
Jel codes: O16, L10, L20
The Italian law 21/2024 introduced the possibility of issuing dematerialized shares for «innovative» limited liability companies. With this integration of the legislation, it is therefore widening the possibility, for these subjects, to access the capital market in addition to the technique of crowdfunding which has not yet been very successful in Italy. While the legal nature of the shares of the «ordinary» limited liability companies has always been the subject of different interpretations, it is believed that the new dematerialized shares are transferable securities. The solution of the legal nature of the new dematerialized shares is also important for the regulation of public offerings.
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