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Article R814-111 of the French Commercial code

The articles of association comply with the requirements of articles 8, 11, 14, 15, 19, 20 and 24 of law no. 66-879 of 29 November 1966. They also state: 1° The surname, first names and domicile of each partner; 2° The duration for which the company is formed; 3° The address of the registered office; 4° The nature and separate valuation of each of the contributions made by the partners;…

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Article R814-116 of the French Commercial code

Company shares corresponding to cash contributions must be paid up, at the time of subscription, by at least half of their nominal value. The remainder must be paid up, in one or more instalments, either on the dates stipulated in the Articles of Association, or by decision of the members’ meeting and at the latest within two years of the company’s registration on the list. Within eight days of their…

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Article R814-118 of the French Commercial code

Decisions that exceed the powers of the manager(s) shall be taken by the members meeting at a general meeting. The meeting is held at least once a year. It is also convened when one or more partners, representing at least half in number of the partners or a quarter of the capital, so request the manager, indicating the agenda. In the absence of provisions to the contrary in the Articles…

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Article R814-119 of the French Commercial code

The minutes of the shareholders’ deliberations are recorded in a special register that has previously been listed and initialled by the clerk responsible for keeping the register of companies in which the company is registered. The register is kept at the registered office. It may be consulted by any member.

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Article R814-120 of the French Commercial code

Each partner has an equal number of votes regardless of the number of shares he owns. A partner may give a written mandate to another partner to represent him at the meeting. However, a member may not hold more than two proxies. The meeting may only validly deliberate if at least three quarters of the members are present or represented. If this quorum is not reached, the members shall be…

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