English translation: 2 possible meanings almost opposite (not enough context) :
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11:50 Apr 1, 2003
French to English translations [PRO] Bus/Financial
French term or phrase:reprendre les statuts
One of the results of a planned merger between A and B is that A will "reprendre les statuts of B
Explanation: The rules for boards of directors are provided by statutes, although these rules are generally so vague that they leave to different external mechanisms, such as hostile take-overs and other corporate governance devices, the task of imposing duties on the directors.