Paragraph 2: Operation of the company.

If the new member joins the company by acquiring shares held by the members or by one or some of them, it shall be done in accordance with articles R. 743-44 and R. 743-99. If the new partner enters the company by contributing his industry alone, the provisions of Article R. 743-31 sont applicables.

If the constitution of reserves by means of retained profits or the release of capital gains due to the industry of the associates so permits, the share capital shall be increased periodically and the shares thus created must be allocated to all associates, including those who have contributed only their industry. The Articles of Association shall lay down the conditions for the application of the provisions of the preceding paragraph….