Article R4113-12 of the French Public Health Code
No more than one quarter of the capital of a société d’exercice libéral de médecins ou de sages-femmes may be held by one or more persons who do not meet the conditions of the first paragraph or of 1° to 5° of article 5 of law no. 90-1258 of 31 December 1990 relating to the practice of the liberal professions in the form of companies. However, where the société d’exercice…