Article L253-1 of the French Commercial code
It is prohibited for any person or entity to make an offer to the public, within the meaning of Regulation (EU) No 2017/1129 of 14 June 2017, of the membership rights of an economic interest grouping or a European economic interest grouping referred to in Articles L. 251-3 and L. 252-3, on pain of nullity of contracts entered into or rights created. Notwithstanding the provisions of the previous paragraph, the…