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Article L23-10-9 of the French Commercial code

Information may be provided to employees by any means, specified by regulation, likely to make the date of its receipt by the employees certain. When information is provided by registered letter with acknowledgement of receipt, the date of receipt of the information is the date of first presentation of the letter. Employees are bound by an obligation of discretion with regard to information received pursuant to this section, under the…

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Article L23-10-10 of the French Commercial code

The Articles L. 23-10-7 to L. 23-10-9 are applicable to the sale of a shareholding in a company subject to special regulations requiring that all or part of its capital be held by one or more members or shareholders meeting certain conditions in terms of, in particular, professional qualifications, provided that:

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Article L23-10-11 of the French Commercial code

The transfer is again subject to articles L. 23-10-7 to L. 23-10-9when it occurs more than two years after the expiry of the period provided for in article L. 23-10-7. If during this two-year period the works council is consulted, pursuant to article L. 2323-33 of the French Labour Code, on a proposed transfer of the items covered by the notification provided for in Article L. 23-10-7, the two-year period…

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Article L23-10-12 of the French Commercial code

This section shall not apply: 1° In the event of the sale of the shareholding to a spouse, ascendant or descendant; 2° To companies that are the subject of conciliation, safeguard, receivership or liquidation proceedings governed by Book VI; 3° If, during the twelve months preceding the sale, the sale has already been the subject of information pursuant to article 18 de la loi n° 2014-856 du 31 juillet 2014…

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Article L23-11-1 of the French Commercial code

Any holder of shares in a company may give a commitment to all of the company’s employees to share with them part of the capital gain on the sale or repurchase of his shares on the day he sells or repurchases all or part of them. The undertaking to share the capital gains may also be given by a number of shareholders, who are either party to the same capital…

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Article L23-11-2 of the French Commercial code

The sharing undertaking defined in article L. 23-11-1 is set out in an agreement between any holder of securities and the company concerned, which undertakes to transfer the amount resulting from the sharing commitment to the employees concerned, from which it will deduct the tax and social security charges that this transfer generates. The signature of the capital gains sharing agreement is subject to the prior existence, in each company…

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Article L23-11-3 of the French Commercial code

The sharing contract referred to in Article L. 23-11-2 shall benefit all employees present in the company or companies mentioned in article L. 23-11-1 for all or part of the period between the date it is signed and the date of the sale of the shares in the company concerned and who are members of the company savings plan on the date of this sale. The following are treated as…

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Article L23-11-4 of the French Commercial code

After the transfer, the resulting amount is paid, within a period of one month from the date of the transfer or, where applicable, from the date of receipt of a price supplement relating to this transfer, by the holder or holders of the transferring securities to the company whose securities have been transferred. This amount may not be seized or transferred . The company that has received the sums in…

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Article L241-2 of the French Commercial code

It shall be punishable by six months’ imprisonment and a fine of 9,000 euros for managers to issue, directly or through an intermediary, on behalf of the company any securities whatsoever with the exception of bonds issued under the conditions determined by Article L. 223-11.

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