Article R814-114 of the French Commercial code
November 4, 2023
Company shares may not be pledged as collateral. Their nominal amount may not be less than 150 euros.
Company shares may not be pledged as collateral. Their nominal amount may not be less than 150 euros.
Interest shares allocated to contributors in industry are non-transferable. They are cancelled when their holder loses the status of partner for any reason whatsoever.
Company shares corresponding to cash contributions must be paid up, at the time of subscription, by at least half of their nominal value. The remainder must be paid up, in one or more instalments, either on the dates stipulated in the Articles of Association, or by decision of the members’ meeting and at the latest within two years of the company’s registration on the list. Within eight days of their…
The company or its liquidator is exempt from inserting in a medium authorised to receive legal announcements the notices and deeds provided for in articles 22, 24, 26, 27 and 29 of Decree no. 78-704 of 3 July 1978.
Decisions that exceed the powers of the manager(s) shall be taken by the members meeting at a general meeting. The meeting is held at least once a year. It is also convened when one or more partners, representing at least half in number of the partners or a quarter of the capital, so request the manager, indicating the agenda. In the absence of provisions to the contrary in the Articles…
The minutes of the shareholders’ deliberations are recorded in a special register that has previously been listed and initialled by the clerk responsible for keeping the register of companies in which the company is registered. The register is kept at the registered office. It may be consulted by any member.
Each partner has an equal number of votes regardless of the number of shares he owns. A partner may give a written mandate to another partner to represent him at the meeting. However, a member may not hold more than two proxies. The meeting may only validly deliberate if at least three quarters of the members are present or represented. If this quorum is not reached, the members shall be…
Subject to the provisions of article 19 of law no. 66-879 of 29 November 1966 and those of articles R. 814-99, R. 814-122, R. 814-122-1, R. 814-124, R. 814-130, R. 814-131, R. 814-140, decisions are taken by a majority of the votes of the members present or represented. In all cases, the Articles of Association may provide for certain decisions to be taken by a qualified majority or unanimously by…
Amendments to the Articles of Association, including the extension of the company, are decided by a majority of three quarters of the votes of all the members. Increases in members’ liabilities can only be decided unanimously.
The majority required to approve one of the transactions mentioned in the first paragraph of article 27 of Law no. 66-879 of 29 November 1966 relating to professional non-trading companies is that provided for in the first paragraph of article R. 814-122.
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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