Section 7 : Dissolution of sociétés anonymes.

In the event that, as a result of losses recorded in the accounting documents, the company’s shareholders’ equity falls below half of the share capital, the decision of the general meeting provided for in the first paragraph of Article L. 225-248 is filed with the clerk of the commercial court of the place of the registered office and entered in the trade and companies register. In addition, it is published…

The threshold mentioned in the fourth paragraph of Article L. 225-248 is equal: a) Where the applicable legal and regulatory provisions do not impose a minimum share capital on the company due to its corporate form, to 1% of the total balance sheet of this company, recorded at the last financial year-end; b) Otherwise, to the higher of 1% of the total balance sheet of the company, recorded at the…