SECTION 288

Each year, within a period of six months following the close of the fiscal year, an annual general meeting shall be held during which the management report, the inventory and the summary financial statements drawn up by the managers shall be submitted to the meeting of members for approval. To this end, the documents referred to in the preceding paragraph, the proposed draft resolutions and, where applicable, the auditor’s report shall be sent to the members at least fifteen days before the date of the meeting. Any decision taken in violation of the provisions of this paragraph may be annulled. The annual general meeting shall not validly hold unless a majority of the members representing half of the registered capital are present. It shall be presided over by the member who himself has or as a representative holds the greatest number of membership shares. Any provision contrary to this article shall be disregarded.