French Commercial code
In forceThe guarantee fund is managed by a board of directors composed of twelve members, including six judicial administrators and six judicial representatives, registered on the national lists.
These members are elected for five years. The six judicial administrators are elected by the natural persons registered on the national list of judicial administrators and the six judicial representatives by those registered on the national list of judicial representatives.
In the event of a seat becoming vacant for any reason whatsoever, in particular when the professional concerned has obtained his or her transfer of registration from the national list of judicial administrators to the national list of judicial representatives or vice versa, the seat is filled by the first non-elected candidate in the professional category concerned.
If there are no more non-elected candidates, an election is held by a single-round majority uninominal ballot.
In all cases, the duties of the new members expire on the date on which those of the members they replace would have ceased.
