In relations between members and where the Articles of Association do not define the duties of
the manager, the latter may perform all managerial acts in the interest of the company.
Where there are several managers, they shall separately hold the powers provided for in this
article, save the right for each of them to object to a transaction before it is concluded.
The objection by one manager to the acts of another manager shall have no effect on third parties,
unless it is established that they had knowledge thereof.
Official translation
Spot-checked
In force from 17 April 1997
Source page 81