The Articles of Association must provide for an age limit for the performance of the duties of Chairman of the Board of Directors which, in the absence of an express provision, is set at sixty-five years.
Any appointment made in breach of the provisions set out in the previous paragraph shall be null and void.
When a Chairman of a Board of Directors reaches the age limit, he shall be deemed to have resigned automatically.
A Chairman who has been placed under guardianship shall also be deemed to have resigned automatically.
The nullity provided for in the second paragraph and the compulsory resignation provided for in the third and penultimate paragraphs do not entail the nullity of the deliberations in which the Chairman of the Board of Directors who was irregularly appointed or deemed to have compulsorily resigned took part, or the nullity of his decisions.