English
1/ A private limited company is a business organization
whose capital is fully paid in advance, divided into
shares and whose members are not liable for the debts
of the company provided that they have paid up their
contributions.
2/ Shares of the company shall not be open for
subscription by the public.
3/ Notwithstanding Sub-Article
(1) of this Article, the
provisions of Article 295 of this Code shall apply to
the liability of a member with a decisive vote.
4/ A private limited company may not have less than two
or more than fifty members.
5/ The company may not issue transferable securities.
