Module 18 min868 wordsFree — no account
Selling to an outsider requires approval
Dated official sources, and the contents this module links to · 1 section
Official sources
- Légifrance — Commercial code, article L223-14: shares may be sold to outsiders only with the consent of the majority of members representing at least half the shares, unless the articles provide for a stronger majority; the proposed sale is notified to the company and to each member, consent being deemed given absent a decision within three months of the last notification; on a refusal the members must within three months acquire or arrange the acquisition of the shares at a price fixed under article 1843-4 of the civil code; version in force since 27 March 2004 — verified on September 8, 2026
- Légifrance — Commercial code, article L223-13: shares pass freely by succession or on liquidation of matrimonial property and are freely transferable between spouses and between ascendants and descendants, the articles being able nonetheless to require approval on the terms of article L. 223-14; version in force since 10 December 2004 — verified on September 8, 2026
Contents linked from this module
- Paying yourself as a director
What changes for a director-member according to the share of capital they hold.
Educational content, current with the sources cited. It does not replace advice tailored to your situation. These courses are neither certifying nor CPF-eligible: they prepare for no certification registered with the French RNCP or specific register.