The term of office of the auditor designated in the Articles of Association or appointed by the
constituent general meeting shall be two fiscal years.
Where he is appointed by the ordinary general meeting, his term of office shall be six years.
The mandate of the auditor shall expire at the end of the general meeting that adjudicates either
on the accounts of the second fiscal year where he is designated in the Articles of Association
or appointed by the constituent general meeting, or on the accounts of the sixth fiscal year where
he is appointed by the ordinary general meeting.
Official translation
Spot-checked
In force from 17 April 1997
Source page 156