Sub-section 2: Obligations.

In urgent cases, representatives of the group may be appointed by court order at the request of any interested party.

The representatives of the masse shall be designated in the contract of issue or by the general meeting of bondholders or, failing that, by court decision, at the request of any interested party. When the bonds are offered to the public, the first representatives of the group are designated in the contract of issue. This designation is not mandatory for the public offers mentioned in 1° and 2° of Article…

The representatives of the masse may be relieved of their duties by the general meeting of bondholders.

The representatives of the masse have, unless restricted by the general meeting of bondholders, the power to carry out on behalf of the masse all acts of management to defend the common interests of the bondholders. This power may be delegated by the representatives of the masse to a third party in compliance with the provisions of articles L. 228-49, L. 228-62 and L. 228-63.

The representatives of the general body of bondholders, duly authorised by the general meeting of bondholders, shall have sole authority to bring, on behalf of the latter, actions for the nullity of the company or of acts and deliberations subsequent to its incorporation, as well as all other legal actions for the purpose of defending the common interests of the bondholders, and in particular to request the measure provided for…

Representatives of the body of shareholders may not interfere in the management of corporate affairs. They have access to general meetings of shareholders, but without the right to vote. They have the right to obtain communication of documents made available to shareholders under the same conditions as the latter.

The remuneration of the representatives of the general body of shareholders as fixed by the general meeting or by the issue contract shall be borne by the debtor company. If this remuneration is not fixed, or if its amount is disputed by the company, it shall be decided by a court decision. Without prejudice to any action for liability against the corporate officers or the representative of the general body…

The general meeting of bondholders of the same body may be convened at any time.

The general meeting of bondholders is convened by the board of directors, the management board or the legal representative of the company, by the representatives of the group or by the liquidators during the liquidation period. One or more bondholders, representing at least one thirtieth of the securities of a group, may send a request to the company and to the representative of the group to convene the meeting. If…

General meetings of bondholders are convened in the same form and by the same deadline as shareholders’ meetings, unless otherwise stipulated in the issue contract. A decree of the Conseil d’Etat sets out the guarantees required in such cases to ensure that bondholders are properly informed. In addition, the notices of meeting shall contain special information that shall be determined by decree of the Conseil d’Etat. A meeting that is…