The Managing Director shall submit to the ordinary general meeting of shareholders adjudicating
on the summary financial statements of the past fiscal year a report on the agreements he has
concluded with the company, directly or indirectly, or through third parties and on the agreements
signed with a corporate person of which he is the owner, a member with unlimited liability or,
in general, the manager.
The provisions of this article shall not be applicable to agreements relating to ordinary
transactions concluded under normal terms as described in Article 439 above.
Official translation
Spot-checked
In force from 17 April 1997
Source page 119