Article L228-35-1 of the French Commercial code
November 8, 2023
When the company is formed or during its existence, priority shares may be created which enjoy advantages over all other shares, subject to the provisions of articles L. 225-122 to L. 225-125. As an exception to article L. 225-99, the articles of association or the issue contract may provide that the decision by the Extraordinary General Meeting to convert preference shares into ordinary shares shall not be binding on the…
