SECTION 347

Ordinary collective decisions are the ones whose purpose is to review the summary financial statements of the preceding fiscal year, to authorize management to carry out operationsthat are subordinated, pursuant to the articles of association,to the prior consent of members, to appointand replace managers and, where applicable, the auditor, to approve agreementsentered into by and between the company and one of its managers or members, and more generally, to decide on all matters which do not result in anamendment of the articles of association. Where the company has only a singlemember, the provisions of articles 558 to 561 hereinafter, excluding those of the second paragraphs of articles 558 and 559 hereinafter, shall apply. Provisions of this Chapter which are not contrary hereto shall also apply. Annual ordinary general meeting Periodicity