The draft articles of association are drawn up and signed by one or more founders, who file a copy with the clerk of the commercial court of the place of the registered office.
The founders publish a notice under the conditions determined by decree in the Conseil d’Etat.
No subscription may be received if the formalities provided for in the first and second paragraphs above have not been observed.
Persons who have been deprived of the right to administer or manage a company or who are prohibited from exercising such functions may not be founders.