Paragraph 2: Organisation and operation of the company.

In no case may a value representing a client base corresponding to the activity of a court-appointed administrator or judicial representative be entered on the assets side of the company’s balance sheet, including when the company is a multi-professional practice company as provided for in Article L. 811-7-1-A or Article L. 812-5-1-A.

If the deed transferring capital securities or company shares is drawn up under private deed, as many originals shall be drawn up as are necessary to provide each party with a copy and to satisfy the required formalities.

Any agreement by which one of the partners practising the profession of court-appointed administrator or that of court-appointed agent transfers, with a view to practising the profession within the company, all or a fraction of his capital securities or company shares to a third party practising the same profession is entered into subject to the suspensive condition of the registration of this third party on the list.

Any new partner who intends to practise within the company the profession of judicial administrator or that of judicial representative shall produce the certificate of registration on the list.

Articles R. 814-64 and R. 814-80 are also applicable to the transfer free of charge of all or part of the company’s capital securities or shares granted by one of the partners.

The Government Commissioner to the National Commission may request from the statutory auditor mentioned in Article R. 814-29 a special report on the financial terms of the transfer of shares or equity securities to enable the commission to examine, pursuant to Article R. 814-64, their compliance with legislative or regulatory provisions.

Under no circumstances may a value representing a clientele corresponding to the activity of a judicial administrator or a judicial representative be taken into account in calculating the value of company shares or equity securities.

A partner who has been struck off the list pursuant to Article L. 811-12 or L. 812-9, which has been withdrawn pursuant to l’article L. 811-6 ou L. 812-4, or who has been forced to withdraw from the company pursuant to Article R. 814-93 or R. 814-140, has a period of six months from the date of acceptance of his resignation, from the date on which the decision to strike…

Any decision to extend the company is immediately brought to the attention of the National Registration and Disciplinary Commission.