French Commercial codeIn force
Chapter V: Public limited companies.
Article L225-260
The company's shares consist of: 1° shares or denominations of capital shares; 2° shares known as "working shares".
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Showing 1261–1270 of 46287 articles for “Art. s. R 623-26 to R 623-29”
The company's shares consist of: 1° shares or denominations of capital shares; 2° shares known as "working shares".
The board of directors or supervisory board of the société anonyme à participation ouvrière includes one or more representatives of the société coopérative de main-d'oeuvre. These representatives are…
The participants in the société coopérative de main-d'oeuvre are represented at the general meetings of the société anonyme by proxies elected by these participants, meeting at a general meeting of th…
In the event of legal action, the proxies elected at the last general meeting appoint one or more of them to represent the participants. If no election has yet been made, or if none of the elected pro…
The general meeting of the workforce cooperative can only validly deliberate if, on first convocation, at least two thirds of the cooperative's participants are present or represented. The articles of…
In the event of dissolution, the corporate assets are distributed among the shareholders only after the capital shares have been fully amortised. The portion representing the labour shares, in accorda…
However, general meetings of sociétés anonymes à participation ouvrière deliberating on amendments to the Articles of Association or on proposals to continue the company beyond the term fixed for its…
The labour shares are the collective property of the salaried staff, formed into a labour cooperative company. This labour company must and exclusively includes all employees who have been linked to t…
The labour shares are in registered form, registered in the name of the workers' cooperative society, inalienable for the duration of the workers' cooperative society.
If the company has given its consent to a proposed pledge of shares under the conditions provided for in the first paragraph of article L. 228-24, such consent shall entail approval of the transferee…
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