Subsection 1: Equity securities

Companies limited by shares belonging to the public sector, cooperative companies constituted in the form of a public limited company or a limited liability company, public limited companies for low-cost housing mentioned in the article L. 422-2 du code de la construction et de l’habitation et les sociétés de coordination au sens de l’article L. 423-1-1 of the same code may issue non-voting securities. These securities are redeemable only in…

The issue and redemption of redeemable equity securities must be authorised under the conditions set out in the fifth paragraph of article L. 225-100 and articles L. 228-40 to L. 228-44. Holders of redeemable equity securities from the same issue are grouped ipso jure for the defence of their common interests into a “masse” which enjoys civil personality. They are subject to the provisions of articles L. 228-47 to L….