Article 2

1.

A company may have a sole member when it is formed and also when all its shares come to be held by a single person (single-member company).

2.

Member States may, pending coordination of national laws relating to groups, lay down special provisions or penalties for cases where:

(a)

a natural person is the sole member of several companies; or

(b)

a single-member company or any other legal person is the sole member of a company.