Paragraph 4: Withdrawal of a partner.

A member who has contributed his industry exclusively, 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. 4113-50. 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 member holding shares corresponding to a capital contribution may, on condition that he informs the company in the manner provided for in the first paragraph of article R. 4113-50, cease his professional activity within the company before the end of the procedure for the sale or purchase of his shares. Where applicable, he must comply with the time limit set by the Articles of Association, which may not exceed…

As from the date he ceases his professional activity, a partner loses the rights attached to his status as a partner, 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; he ceases, as from the same date, to be subject to the incompatibilities and prohibitions attached to this status. If a partner ceases to…