Corporate Law & Business Law
Approval of a share transfer
Approval authorizes certain transfers of SARL shares. Majority, articles, and pre-emption: useful checks before a sale.
Lexicon
Corporate Law & Business Law
Shareholders' Agreement
The shareholders' agreement is a contract that organizes the commitments of its signatories concerning their participation in a company. It can address voting, information, or exit from the capital. Its effects must be distinguished from those of the articles of association and examined with respect to each concerned person.
During an investment, identify the signatories, beneficiaries, and conditions for future shareholders' adhesion. The agreement and the articles of association must be read together: contractual commitments do not replace corporate decisions and their formalities. For a financing commitment, also specify who can request the payment and for whose benefit.
The judgment of December 12, 2024, cited below illustrates a dispute involving a shareholders' agreement, capital calls, and company representation. The Court orders further investigation into the standing to act; this judgment should not be presented as a general validation of the agreement or its clauses.
Official Sources
[ TO GO FURTHER ]
Other Associated Definitions
Explore Complementary Concepts
Corporate Law & Business Law
Company Articles of Association
The articles organize a company: activity, capital, management, and decisions. Understanding clauses to prepare and associated formalities.
Corporate Law & Business Law
General meeting of partners
The general meeting gathers partners to decide. Notice, powers, and votes: understand the steps of a corporate decision.
Corporate Law & Business Law
Share capital
Share capital corresponds to contributions allocated to the capital. Understand the minimums according to the company and the difference with cash.