The grouping is administered by one or more persons. A legal entity may be appointed as a director of the grouping provided that it appoints a permanent representative, who incurs the same civil and criminal liability as if he were a director in his own name. The group’s director(s) and the permanent representative of the legal entity appointed as director shall be liable individually or jointly and severally, as applicable, to the group or to third parties, for breaches of the legislative and regulatory provisions applicable to groups, for breaches of the group’s Articles of Association, and for their mismanagement. If several directors have cooperated in the same acts, the court shall determine the contributory share of each in the reparation of the damage. Subject to this reservation, the grouping contract or, failing this, the members’ meeting freely organises the administration of the grouping and appoints the directors, whose duties, powers and conditions of dismissal it determines.
In dealings with third parties, a director binds the grouping by any act falling within the grouping’s purpose. Any limitation of powers is unenforceable against third parties.