Section 3: Collective decisions.

Decisions that exceed the powers granted to the managing partners shall be taken in accordance with the provisions of the Articles of Association or, in the absence of such provisions, by unanimous decision of the partners.

Decisions are taken by the members at a general meeting. The Articles of Association may also provide that they shall result from a written consultation.

Decisions may still result from the consent of all partners expressed in a deed.

In the case of a merger of non-trading companies, if the Articles of Association provide for consultation of the shareholders of the acquiring company, such consultation is not required if, from the filing of the draft terms of merger until the completion of the transaction, the acquiring company holds at least 90% of the shares in the acquired company. However, one or more shareholders of the acquiring company holding at…