TITLE II: Statutory Auditors.

Each shareholder may, at any time, inspect for himself the company’s reports and accounts for previous financial years, the minute books, files and documents drawn up in accordance with article R. 823-10, and more generally all documents held by the company.

If the reserves constituted by undistributed profits or capital gains due to the members’ industry allow it, the share capital is periodically increased. The shares created for this purpose are distributed among the members, including those who have contributed only their industry. The Articles of Association shall lay down the conditions for the application of this paragraph. The capital may not be increased by capitalisation of reserves before the shares…

A shareholder may only transfer all or part of his shares to a third party outside the company if the transferee is first approved by the company under the conditions set out in premier alinéa de l’article 19 de la loi n° 66-879 du 29 novembre 1966. The proposed transfer is notified to the company and to each of the members, either in the form provided for by the article…

If the company refuses to approve the transferee, it shall notify, within a period of six months from the notification of its refusal, in the forms provided for in the previous article, in the same forms to the member who persists in his intention to transfer his shares, a draft transfer in accordance with the provisions of the third paragraph of article 19 of law no. 66-879 of 29 November…

When a member intends to withdraw from the company pursuant to article 21 of law no. 66-879 of 29 November 1966, it shall notify the company of its decision in one of the forms provided for in article R. 822-86. The company has six months from the date of this notification to notify the shareholder, in the same form, of a plan to sell his shares to a third party…

A partner who is personally removed from the list has a period of six months from notification of the decision to remove him from the list to sell his shares, either to a third party under the conditions provided for in Articles R. 822-50 and R. 822-86, either to the members or to one or more of them, or to the company. If at the end of this period no…

The provisions of article R. 822-89 are applicable to the transfer of the corporate units of a member whose exclusion from the company has been decided for conviction under the conditions provided for in article R. 822-62. The period allowed for the excluded member to sell his shares runs from the day on which he is notified of the other members’ decision to exclude him in one of the forms…

The period provided for by the second paragraph of Article 24 of Law no. 66-879 of 29 November 1966 for the transfer of the shares of a deceased partner is set at one year from the death of the partner. It may be renewed by the president of the regional company, at the request of the heirs of the deceased member and with the consent of the company given under…

If, during the period provided for in the preceding article, the successors decide to transfer their shareholder’s shares to a third party who is not a member of the company, this shall be done in accordance with the provisions of articles R. 822-50, R. 822-86, and R. 822-87.

Any application by one or more heirs of a deceased partner for the preferential allocation to them of the shares of their author shall be notified to the company and to each of the partners in one of the forms provided for in Article R. 822-86. The terms of this award are governed by article R. 822-50 and, where applicable, by those of article R. 822-87.