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Book II - Issuers and financial disclosure
Title III - Takeover bids
Chapter I - General rules and common provisions
Section 14 - Suspending the effects of restrictions on the exercise of voting rights and extraordinary powers to appoint and dismiss directors, members of the supervisory board, members of the management board, chief executive officers and deputy chief executive officers
Article 231-54 from 01/10/2009 to 22/05/2021

Article 231-54 into force from to

  • Version into force from to
ELI : /en/eli/fr/aai/amf/rg/article/231-54/20091001/notes

The effects of statutory restrictions on the number of votes held by individual shareholders at general meetings, mentioned in the first paragraph of Article L. 225-125 of the Commercial Code, shall be suspended during the first general meeting following the close of the offer where the offeror, acting alone or in concert, has acquired more than two-thirds of the shares or voting rights of the target company.