A company shall be the joint subsidiary of several parent companies where its capital is owned
by the said parent companies which shall:
1°) own separately, directly or indirectly through corporate persons, a sufficient proportion of
the joint subsidiary company’s capital to warrant that no extraordinary decision be taken without
their approval;
2°) take part in the management of the joint subsidiary company.
Official translation
Spot-checked
In force from 17 April 1997
Source page 47