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Article R822-50 of the French Commercial code

Any transfer by one of the partners of all or part of his capital securities or shares to a third party with a view to the practice of the profession within the company is made subject to the suspensive condition of the new partner’s registration on the list.

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Article R822-52 of the French Commercial code

In the event of the withdrawal or entry of members, shareholders or members of the management, executive, administrative or supervisory bodies, the company shall apply to the High Council for a change in the particulars appearing on the list in I of Article L. 822-1. If the High Council finds that the company, following the transaction, remains incorporated in accordance with the laws or regulations governing it, in particular Article…

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