Section 2: Sociétés civiles professionnelles de médecins ou de chirurgiens-dentistes (non-trading partnerships of doctors or dental surgeons)

Company shares are freely transferable between members unless otherwise provided for in the Articles of Association. They may only be transferred to third parties with the consent of the company expressed under the conditions set out inarticle 19 of law no. 66-879 of 29 November 1966 relating to professional non-trading companies.

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.