Chapter II: Conditions of practice of the profession of industrial property attorney

After the close of each financial year, the manager or managers shall draw up, under the conditions set out in Article 1856 of the Civil Code, an overall written report including the company’s annual accounts and a report on the results. Within two months of the end of the financial year, the documents mentioned in the previous paragraph are submitted to the members’ meeting for approval. To this end, these…

Each shareholder may, at any time, inspect, under the conditions set out in Article 48 of Decree no. 78-704 of 3 July 1978, the company’s annual financial statements and the report on the company’s results, as well as all accounting records and documents in the company’s possession.

The provisions of articles 49, 50 and 52 du décret n° 78-704 du 3 juillet 1978 sont applicables aux cessions et transmissions de parts sociales et à leur publicité.

In the case provided for in section 19, third paragraph, of the law of 29 November 1966, the price of the shares is determined, in the absence of agreement between the parties, in accordance with the provisions of the articles 1843-4 of the Civil Code and 17 du décret n° 78-704 du 3 juillet 1978. Where the transferring shareholder refuses to sign the deed transferring his shares at the price…

In the event of the death of a partner, the transfer period provided for in the second paragraph of l’article 24 of the law of 29 November 1966 is set at one year from the date of death. It may be renewed by agreement between the heirs of the deceased member and the company, given under the conditions provided for the transfer of shares by l’article 19, premier alinéa, de…

If the deed transferring the company shares is drawn up under private deed, as many originals as are necessary to provide each party with a copy and to comply with the provisions of article R. 422-28. In addition, one of the originals of the private deed, or a copy of the deed transferring the shares if it is in the form of a notarial deed, and any deed amending the…

When a partner intends to withdraw from the company, he shall notify the company of his decision by registered letter with acknowledgement of receipt. The company has six months from this notification to notify the partner, in the same form, of a plan to sell his shares to a partner or to a third party registered on the list of industrial property attorneys or meeting the conditions for registration on…

If a member has been struck off, pursuant to section 5 of this chapter, for a period of six months or more, he may be excluded from the company by a decision taken by a majority of the other members. The excluded member has a period of six months, from the date on which he is notified of this decision by registered letter with acknowledgement of receipt, to sell his…

The shares of a partner permanently struck off the national list of industrial property attorneys are transferred under the conditions determined in Article R. 422-33.

The number of partners may be increased during the existence of the company with or without an increase in the share capital.