Artikel 3

1. An undertaking established in the Netherlands may hold stocks to which this Agreement applies in Denmark. Such stocks may be held either:
a) directly by the undertaking established in the Netherlands; or
b) by an undertaking established in Denmark, on behalf of the undertaking established in the Netherlands.
2. An undertaking established in Denmark may hold stocks to which this Agreement applies in the Netherlands. Such stocks may be held either:
a) directly by the undertaking established in Denmark; or
b) by an undertaking established in the Netherlands, on behalf of the undertaking established in Denmark.
3. For stocks to be eligible for acceptance under Article 2 of this Agreement, the undertaking seeking acceptance of those stocks under that Article must have agreed to hold them itself or through the other undertaking, from the first day of any calendar quarter for one or more full calendar quarters, after acceptance by the competent authorities.
4. If an undertaking holds stocks on behalf of another undertaking in accordance with paragraphs 1b or 2b of this Article, then those stocks shall not be taken into account in the State where they are held, but shall be taken into account by the Contracting Party where the undertaking entitled to claim the stock is established.