English
1/ where a shareholder makes a contribution in kind, the
memorandum of association shall show the nature and
value of the contribution, price accepted by the other
members and the number of shares allocated to the
member in return for the contribution.
2/ the method of valuation shall be determined by the
shareholders.
3/ Shareholders shall be jointly and severally liable to
third parties for the accuracy of the valuation fixed at
the time of payment.
4/ where it is shown that a contribution in kind has been
overvalued, the contributing member shall pay the
difference in cash; Shareholders shall be jointly and
severally liable for such payment, notwithstanding
that they were not aware of the overvaluation.
5/ the manager and the members of the board of directors,
if any, shall ensure, where appropriate, the registration
of contributions in kind and issuance of title deed in
the name of the company.
