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Article L229-12 of the French Commercial code

Under the conditions they determine, the articles of association of a société européenne which does not intend to offer its shares to the public, or which intends to make one of the offers referred to in 1° and 2° of Article L. 411-2 of the Monetary and Financial Code or article L. 411-2-1 of the same code, may provide that a shareholder may be required to sell his shares. They…

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Article L229-13 of the French Commercial code

The articles of association of a European company which does not intend to offer its shares to the public, or which intends to make one of the offers referred to in 1° and 2° of Article L. 411-2 of the Monetary and Financial Code or article L. 411-2-1 of the same code, may provide that a shareholder company whose control is modified within the meaning of article L. 233-16 must…

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Article L229-14 of the French Commercial code

If the Articles of Association do not specify the procedures for valuing the share transfer price when the société européenne implements a clause introduced pursuant to Articles L. 229-11 to L. 229-13, this price is set by agreement between the parties or, failing that, determined under the conditions set out in Article 1843-4 of the Civil Code. When the shares are bought back by the European Company, it is obliged…

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Article L22-10-3 of the French Commercial code

The provisions of article L. 225-18-1, relating to the minimum proportion of directors of each gender, are applicable without threshold conditions to companies whose shares are admitted to trading on a regulated market. Any appointment made in violation of the first paragraph and not having the effect of remedying the irregularity in the composition of the Board shall be null and void.

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Article L22-10-4 of the French Commercial code

In companies whose shares are admitted to trading on a regulated market, in the event of the appointment to the position of chairman, chief executive officer or deputy chief executive officer of a person bound by an employment contract to the company or to any controlled company or company that controls it within the meaning of II and III of Article L. 233-16, the provisions of said contract corresponding, where…

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Article L22-10-5 of the French Commercial code

The provisions of article L. 225-23, relating to the election of employee shareholders to the board of directors, are applicable to companies whose securities are admitted to trading on a regulated market, regardless of the number of employees. Companies whose securities are admitted to trading on a regulated market, regardless of the number of employees, are subject to the same conditions as companies whose securities are admitted to trading on…

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Article L22-10-6 of the French Commercial code

In companies whose shares are admitted to trading on a regulated market, the number of directors elected pursuant to article L. 225-27 may not be more than five nor exceed one-third of the number of other directors. Any appointment made in breach of this article shall be null and void. This nullity does not entail the nullity of the deliberations in which the director irregularly appointed took part.

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