SECTION 350

The ordinary general meeting shall decide on agreements concluded directly or through a third party between the company and one of its managers or members. To this end, the manager(s) or the auditor, where there is one, shall present a report on the agreements concluded directly or through a third party between the company and one of its managers or members to the ordinary annual general meeting or attach the said report to documents sent to members. The same shall apply to: - agreements concluded with a sole proprietorship where the proprietor is simultaneously manager and shareholder in the private limited company; - agreements concluded with a company in which one shareholder with unlimited liability, a manager, director, general manager or secretary general is also a manager or member of the private limited company.