Shares owned in breach of articles L. 22-10-61 and L. 22-10-62 must be sold within one year of their subscription or acquisition. On expiry of this period, they must be cancelled.
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Home | French Legislation Articles | French Commercial code | Legislative part | BOOK II: Commercial companies and economic interest groupings. | TITLE II: Provisions specific to various commercial companies. | Chapter X: Companies whose securities are admitted to trading on a regulated market or a multilateral trading facility | Section 1: Provisions specific to public limited companies | Subsection 4: Changes in share capital and employee share ownership | Paragraph 4: Subscription, purchase or pledging by companies of their own shares | Article L22-10-65 of the French Commercial code
Shares owned in breach of articles L. 22-10-61 and L. 22-10-62 must be sold within one year of their subscription or acquisition. On expiry of this period, they must be cancelled.
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Les actions possédées en violation des articles L. 22-10-61 et L. 22-10-62 doivent être cédées dans un délai d’un an à compter de leur souscription ou de leur acquisition. A l’expiration de ce délai, elles doivent être annulées.
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is a Registered Trademark of
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182, rue de Rivoli
75001, Paris France
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Paris Bar Registration n° (Toque) C2396
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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