The municipal unitary enterprise “Bus and Trolleybus Park” has been transformed into a joint stock company. At the same time, a significant part of voting shares is distributed among the employees of the enterprise. Since privatization did not yield the expected results, and the joint-stock company was on the verge of bankruptcy. The city administration made a decision on its conversion into state ownership, i.e. on transfer to the previous organizational-legal form.
Does the specified decision of the city administration comply with the legislation?
If so, what is the procedure for settlements with shareholders who purchased shares in this case?
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