Section 6 : Conversion of sociétés anonymes.

Any public limited company may convert into a company of another form if, at the time of conversion, it has been in existence for at least two years and has drawn up and had approved by the shareholders the balance sheet for its first two financial years.

The conversion decision is taken on the report of the company’s statutory auditors, if any. The report certifies that the shareholders’ equity is at least equal to the share capital. The conversion is subject, where applicable, to the approval of the bondholders’ meetings and the meeting of holders of profit shares or founder’s shares. The conversion decision is subject to publicity, the terms of which are set by decree in…

The conversion to a general partnership requires the agreement of all the partners. In this case, the conditions set out in articles L. 225-243 and the first paragraph of article L. 225-244 are not required. The conversion into a limited partnership (société en commandite simple) or a limited partnership with shares (société en commandite par actions) is decided under the conditions provided for the amendment of the Articles of Association…

In the event of the conversion of a société anonyme into a société européenne, the first paragraph of Article L. 225-244 does not apply. The company draws up plans to convert the company into a société européenne. This draft is filed with the registry of the court in whose jurisdiction the company is registered and is subject to publicity, the terms of which are set by decree in the Conseil…