Paragraph 2: Articles of association, share capital, shares.

If the Articles of Association are drawn up by private deed, as many originals shall be sent as are necessary to provide each shareholder with a copy and to comply with the provisions of this section.

In addition to the provisions that must be included in the Articles of Association underarticle 11 of law no. 66-879 of 29 November 1966 relating to professional non-trading companies, and those that may be included under articles 8, 14, 15, 19 and 20 of the same law, relating respectively to the distribution of shares, the managers, the company name, the distribution of profits, company debts and transfers of shares, as…

The following may be contributed to a société civile professionnelle de médecins ou de chirurgiens-dentistes, either in ownership or in beneficial interest: 1° All intangible rights, whether movable or immovable, and in particular the right for a partner to present the company as successor to his clientele, or, if he is the successor of a deceased doctor or dental surgeon, to the clientele of his predecessor, as well as all…

Shares may not be pledged as collateral. Their nominal value may not be less than 15 euros. Shares corresponding to contributions in kind are non-transferable and are cancelled when the holder ceases to be a partner.

At least half the nominal value of shares representing cash contributions must be paid up at the time of subscription. The remainder is paid up in one or more instalments, either on the dates stipulated in the Articles of Association, or by decision of the General Meeting, and at the latest within two years of registration of the company. Within eight days of receipt, the funds from cash subscriptions are…