This arrangement states that, in merger, separation or incorporation of shares or companies involving subsidiary companies or companies under common control, in addition to the information on the exchange ratio that has been proposed, the results of the exchange ratios of those shares belonging to the non-controlling shareholders should be presented to those shareholders with shares in the subsidiary company, such exchange ratio should be based upon the value of the net worth of the shares of the companies involved, having been evaluated using the same criteria, and on the same date, as the market prices, or based upon another criteria which has been accepted by the CVM.
This article is often used to justify the vote of controlling shareholders, even despite the language containing in Article 115 of the same law.