Call Us + 33 1 84 88 31 00

Call Us + 33 1 84 88 31 00

Home | French Legislation Articles | French General Code of Local Authorities | Legislative part | PART TWO: THE MUNICIPALITY | BOOK II: MUNICIPAL ADMINISTRATION AND SERVICES | TITLE V: ECONOMIC AND SOCIAL MEASURES | CHAPTER III: Shareholdings in companies | Section 1: General provisions | Article L2253-4 of the French General Code of Local Authorities

French General Code of Local Authorities
- Legislative part
  - PART TWO: THE MUNICIPALITY
    - BOOK II: MUNICIPAL ADMINISTRATION AND SERVICES
      - TITLE V: ECONOMIC AND SOCIAL MEASURES
        CHAPTER III: Shareholdings in companies
        Section 1: General provisions

Article L2253-4 of the French General Code of Local Authorities

Article L2253-4 of the French General Code of Local Authorities

November 8, 2023
2:30 am

Securities allocated to guarantee the management of the board of directors are inalienable.

The disposal of the other securities mentioned in article L. 2253-2 may only take place by virtue of a deliberation by the municipal council.

Original in French 🇫🇷

Article L2253-4

Les titres affectés à la garantie de la gestion du conseil d’administration sont inaliénables.

L’aliénation des autres titres mentionnés à l’article L. 2253-2 ne peut avoir lieu qu’en vertu d’une délibération du conseil municipal.

Need help with this article? Get help from a French lawyer

Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.