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Article L242-23 of the French Commercial code

A fine of €30,000 is imposed if the chairman or directors of a public limited company reduce the share capital without respecting the equality of shareholders.

Original in French 🇫🇷
Article L242-23

Est puni de 30 000 € d’amende le fait, pour le président ou les administrateurs d’une société anonyme, de procéder à une réduction du capital social sans respecter l’égalité des actionnaires.

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