All agreements between a public limited company and any of its directors, general managers or
assistant general managers shall be subject to the prior authorization of the board of directors.
The same shall apply to agreements indirectly involving a director or general manager or
assistant general manager, or in which he deals with the company through a third party.
Agreements between a company and an enterprise or a corporate body shall also be subject to
the prior authorization of the board of directors where one of the directors or a general manager
or an assistant general manager of the company is owner of the enterprise or a member with
unlimited liability, manager, director, managing director, assistant managing director, general
manager or assistant general manager of the contracting corporate person.
Official translation
Spot-checked
In force from 17 April 1997
Source page 107