Subsection 2: Operation

If a shareholder decides to transfer shares to a third party outside the company, the proposed transfer of shares shall be notified to the company and to each of the shareholders either by registered letter with acknowledgement of receipt, or in one of the forms provided for inArticle 1690 of the Civil Code. Within two months of the transferor notifying the company of the proposed transfer, the company shall notify…

If the company refuses to agree to the transfer, it has a period of six months from the date of notification of its refusal to notify the member, in one of the forms provided for in the first paragraph of Article R. 4113-50, of a proposed transfer or repurchase of these shares, which constitutes a commitment on the part of the transferee or the company. If the price proposed for…

Articles R. 4113-49 to R. 4113-51 also apply to the free transfer of all or part of a member’s shares by one of the members.

When a member intends to withdraw from the company pursuant toarticle 21 of law no. 66-879 of 29 November 1966 relating to non-trading professional companies, he shall notify the company of his decision in one of the forms provided for in the first paragraph of article R. 4113-50. The company has six months from the date of this notification to notify the member, in the same form, either of a…

A member who has been struck off the roll or who has applied to be removed from it has six months in which to sell his shares under the conditions set out in articles R. 4113-49 to R. 4113-52. This period begins on the date on which the decision to deregister becomes final or on which the member is notified of the request, as the case may be. If, on…

Subject to the rules governing the protection and representation of adults subject to a legal protection measure, the provisions of article R. 4113-54 apply to the transfer of the shares of a member who is legally prohibited or subject to a legal protection measure with representation.

The period provided for by the second paragraph of article 24 of law no. 66-879 of 29 November 1966 relating to professional non-trading companies for the transfer of the shares of a deceased partner is set at one year from the date of the partner’s death. It may be renewed by the President of the Conseil Départemental de l’Ordre at the request of the heirs of the deceased partner and…

If, during the period provided for in article R. 4113-56, the successor(ies) decide(s) to transfer their deceased’s shares to a third party outside the company, the transfer shall be carried out in accordance with the provisions of the second paragraph of article R. 4113-49 and of articles R. 4113-50 and R. 4113-51. During the same period, if the company, the surviving members or one or more of them agree, in…

Any application by one or more heirs of a deceased member for the preferential allocation to them of the shares of the deceased member shall be notified to the company and to each of the members in one of the forms provided for in the first paragraph of article R. 4113-50.

If, on expiry of the period provided for in article R. 4113-56 , the heirs of the deceased member have not exercised their option to transfer their shareholder’s shares and if no prior consent to the preferential allotment has been given by the company, the latter has one year to acquire or have acquired, under the conditions provided for in article R. 4113-51, the shares of the deceased member. If…