The auditor shall be appointed for three fiscal years by one or several members controlling more
than half of the registered capital.
Where this majority is not obtained and unless otherwise stipulated by the Articles of
Association, the auditor shall be chosen by a majority vote, irrespective the share capital
represented.
SUB-SECTION 5
PENALTIES ATTENDANT ON APPOINTMENT OR WORKING
CONDITIONS
Official translation
Spot-checked
In force from 17 April 1997
Source page 93