Article L1524-8 of the French General Code of Local Authorities
November 8, 2023
By way of derogation from article L. 225-218 of the French Commercial Code, local semi-public companies are required to appoint at least one statutory auditor. This obligation also applies to companies controlled, within the meaning of article L. 233-3 of the same code, by local semi-public companies. In the absence of such an obligation for non-controlled companies, the shareholder local authorities and groupings may make the agreement required pursuant to…
