French Commercial code
In forceIn order to comply with the legal requirements resulting from the cessation of the practice of the profession of commercial court clerk on the date on which he or she reaches the age limit or on the date on which the authorisation to continue activity provided for in Article L. 741-1, the member shall organise the transfer of his shares, under the conditions provided for in articles R. 743-44 and R. 743-99, so that it takes effect on that date at the latest.
Six months before the date on which he reaches the age limit, the member shall inform the company and its members, by registered letter with acknowledgement of receipt, of the progress of his proposed transfer or, where applicable, of the absence of any prospect of transfer on that date. If the partner has been granted authorisation to continue trading, he must be informed again six months before the authorisation expires.
If no transfer has been made by the date on which the partner reaches the age limit or the authorisation to continue trading expires, the company has six months in which to notify the partner of a plan to sell or purchase his shares, in accordance with the conditions set out in Article R. 743-100. As long as the transfer or purchase of his shares by the company has not taken place, the member retains the option of transferring his shares himself under the conditions provided for in Articles R. 743-44 and R. 743-99.
