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Article R4381-61 of the French Public Health Code

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. 4381-53.

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Article R4381-62 of the French Public Health Code

If, on expiry of the period provided for in Article R. 4381-59, the rightful claimants 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 company has one year to acquire the deceased member’s shares under the conditions provided for in Article R. 4381-54. If the shares are transferred to…

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Article R4381-63 of the French Public Health Code

The transfer of shares is publicised in accordance with the provisions of Article 52 of Decree no. 78-704 of 3 July 1978 relating to the application of Law no. 78-9 of 4 January 1978 amending Title IX of Book III of the Civil Code. In the case provided for in the second paragraph of article R. 4381-54, the transfer is publicised by filing, under the same conditions, two copies of…

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Article R4381-66 of the French Public Health Code

If the constitution of reserves or the release of capital gains so permit, the share capital is periodically increased. The shares thus created are allocated to the members, including those who have contributed only their own labour, under the conditions set out in the second paragraph of article R. 4381-51, for the distribution of profits. This increase in capital may not take place before the shares corresponding to cash contributions…

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Article R4381-67 of the French Public Health Code

Any amendment to the Articles of Association must be brought to the attention of the Director General of the Regional Health Agency, at the manager’s request, within one month. Similarly, the Director General of the Regional Health Agency must be notified, under the same conditions, of the internal rules, if they are drawn up after the application for registration, and of any amendments to these rules.

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Article R4381-68 of the French Public Health Code

A member whose contribution is exclusively industrial, wishing to withdraw from the company, shall notify the company of his decision in the manner provided for in the first paragraph of article R. 4381-53. His withdrawal takes effect on the date he indicates, or failing that, on the date of such notification. However, the Articles of Association may provide that the withdrawal shall not take effect until the expiry of a…

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Article R4381-69 of the French Public Health Code

A member holding shares corresponding to a capital contribution may, on condition that he informs the company thereof in the manner provided for in the first paragraph of Article R. 4381-53, cease the professional activity which he pursues within this company before the end of the procedure for the sale or repurchase of his shares. Where applicable, he must comply with the deadline set by the articles of association, which…

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Article R4381-70 of the French Public Health Code

As soon as a member ceases to be a professional, he loses the rights attached to his status as a member, with the exception, however, of remuneration relating to capital contributions and his share, if any, in the capital and in the reserves and capital gains; on the same date, he ceases to be subject to the incompatibilities and prohibitions attached to this status. The Managing Director is required to…

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