{"id":325,"date":"2025-05-05T14:11:14","date_gmt":"2025-05-05T12:11:14","guid":{"rendered":"https:\/\/klema-avocats.fr\/donation-de-titres-en-demembrement-attention-a-ne-pas-perdre-la-qualite-dassocie\/"},"modified":"2025-08-27T13:02:26","modified_gmt":"2025-08-27T11:02:26","slug":"donation-de-titres-en-demembrement-attention-a-ne-pas-perdre-la-qualite-dassocie","status":"publish","type":"post","link":"https:\/\/klema-avocats.fr\/en\/donation-de-titres-en-demembrement-attention-a-ne-pas-perdre-la-qualite-dassocie\/","title":{"rendered":"Gift of Shares with Dismemberment: Be Careful Not to Lose Shareholder Status"},"content":{"rendered":"\n<div class=\"wp-block-media-text is-stacked-on-mobile is-image-fill-element\"><figure class=\"wp-block-media-text__media\"><img loading=\"lazy\" decoding=\"async\" width=\"728\" height=\"400\" src=\"https:\/\/klema-avocats.fr\/wp-content\/uploads\/2025\/06\/fragmentation-propriete.jpg\" alt=\"fragmentation propriete\" class=\"wp-image-189 size-full\" style=\"object-position:50% 50%\" srcset=\"https:\/\/klema-avocats.fr\/wp-content\/uploads\/2025\/06\/fragmentation-propriete.jpg 728w, https:\/\/klema-avocats.fr\/wp-content\/uploads\/2025\/06\/fragmentation-propriete-300x165.jpg 300w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<p>Frequently used to optimize transfer duties (inheritance tax), dismemberment of ownership allows several individuals to hold different types of rights over the same shares.<br>It has long raised questions about whether the usufructuary can be granted shareholder status.<br>Indeed, for many years, the issue arose of who held voting rights at a general meeting in the presence of dismembered shares.<\/p>\n\n\n\n<p><\/p>\n<\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">The Position of the French Court of Cassation on Shareholder Status<\/h2>\n\n\n\n<p>The Court of Cassation had, on several occasions, recognized shareholder status for the bare owner, but nothing explicitly indicated that such status was therefore denied to the usufructuary.<br>In an opinion dated December 1, 2021, the Court provided clarification by stating that the usufructuary of company shares cannot be granted shareholder status, which belongs solely to the bare owner.<br>The Commercial Chamber of the Court of Cassation ruled that <em>\u201cthe usufructuary of company shares cannot be granted shareholder status, which belongs solely to the bare owner.\u201d<\/em><br>The opinion does specify, however, that the usufructuary <em>\u201cmust be able to initiate a shareholders&#8217; resolution on a matter likely to have a direct impact on their right of enjoyment.\u201d<\/em> (Cass. com. opinion 01\/12\/2021 No. 20-15.164)<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Practical Implications of This Interpretation<\/h2>\n\n\n\n<p>In any case, the recognition of shareholder status for the bare owner alone has several consequences:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>On voting rights for decisions requiring unanimity by law;<\/li>\n\n\n\n<li>On the ability of the usufructuary to serve as company director if the company&#8217;s articles of association require shareholder status for such a role;<\/li>\n\n\n\n<li>On the approval process for the usufructuary.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">A Recommended Precaution Before Any Dismemberment<\/h2>\n\n\n\n<p>It is therefore recommended to ensure that the usufructuary holds at least one share in full ownership in order to be considered a shareholder of the company, and to adapt the articles of association before carrying out any dismemberment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Frequently used to optimize transfer duties (inheritance tax), dismemberment of ownership allows several individuals to hold different types of rights over the same shares.It has long raised questions about whether the usufructuary can be granted shareholder status.Indeed, for many years, the issue arose of who held voting rights at a general meeting in the presence [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":228,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-325","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-non-categorise"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gift of Shares with Dismemberment: Be Careful Not to Lose Shareholder Status | Klema avocats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/klema-avocats.fr\/en\/donation-de-titres-en-demembrement-attention-a-ne-pas-perdre-la-qualite-dassocie\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gift of Shares with Dismemberment: Be Careful Not to Lose Shareholder Status | Klema avocats\" \/>\n<meta property=\"og:description\" content=\"Frequently used to optimize transfer duties (inheritance tax), dismemberment of ownership allows several individuals to hold different types of rights over the same shares.It has long raised questions about whether the usufructuary can be granted shareholder status.Indeed, for many years, the issue arose of who held voting rights at a general meeting in the presence [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/klema-avocats.fr\/en\/donation-de-titres-en-demembrement-attention-a-ne-pas-perdre-la-qualite-dassocie\/\" \/>\n<meta property=\"og:site_name\" content=\"Klema avocats\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-05T12:11:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-27T11:02:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/klema-avocats.fr\/wp-content\/uploads\/2025\/06\/fragmentation-propriete.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"728\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin_fourmizz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin_fourmizz\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/klema-avocats.fr\\\/en\\\/donation-de-titres-en-demembrement-attention-a-ne-pas-perdre-la-qualite-dassocie\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/klema-avocats.fr\\\/en\\\/donation-de-titres-en-demembrement-attention-a-ne-pas-perdre-la-qualite-dassocie\\\/\"},\"author\":{\"name\":\"admin_fourmizz\",\"@id\":\"https:\\\/\\\/klema-avocats.fr\\\/#\\\/schema\\\/person\\\/1ba119fda6db7410567f55870551af25\"},\"headline\":\"Gift of Shares with Dismemberment: Be Careful Not to Lose Shareholder Status\",\"datePublished\":\"2025-05-05T12:11:14+00:00\",\"dateModified\":\"2025-08-27T11:02:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/klema-avocats.fr\\\/en\\\/donation-de-titres-en-demembrement-attention-a-ne-pas-perdre-la-qualite-dassocie\\\/\"},\"wordCount\":309,\"image\":{\"@id\":\"https:\\\/\\\/klema-avocats.fr\\\/en\\\/donation-de-titres-en-demembrement-attention-a-ne-pas-perdre-la-qualite-dassocie\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/klema-avocats.fr\\\/wp-content\\\/uploads\\\/2025\\\/06\\\/fragmentation-propriete.jpg\",\"articleSection\":[\"Non cat\u00e9goris\u00e9\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/klema-avocats.fr\\\/en\\\/donation-de-titres-en-demembrement-attention-a-ne-pas-perdre-la-qualite-dassocie\\\/\",\"url\":\"https:\\\/\\\/klema-avocats.fr\\\/en\\\/donation-de-titres-en-demembrement-attention-a-ne-pas-perdre-la-qualite-dassocie\\\/\",\"name\":\"Gift of Shares with Dismemberment: Be Careful Not to Lose Shareholder Status | Klema avocats\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/klema-avocats.fr\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/klema-avocats.fr\\\/en\\\/donation-de-titres-en-demembrement-attention-a-ne-pas-perdre-la-qualite-dassocie\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/klema-avocats.fr\\\/en\\\/donation-de-titres-en-demembrement-attention-a-ne-pas-perdre-la-qualite-dassocie\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/klema-avocats.fr\\\/wp-content\\\/uploads\\\/2025\\\/06\\\/fragmentation-propriete.jpg\",\"datePublished\":\"2025-05-05T12:11:14+00:00\",\"dateModified\":\"2025-08-27T11:02:26+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/klema-avocats.fr\\\/#\\\/schema\\\/person\\\/1ba119fda6db7410567f55870551af25\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/klema-avocats.fr\\\/en\\\/donation-de-titres-en-demembrement-attention-a-ne-pas-perdre-la-qualite-dassocie\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/klema-avocats.fr\\\/en\\\/donation-de-titres-en-demembrement-attention-a-ne-pas-perdre-la-qualite-dassocie\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/klema-avocats.fr\\\/en\\\/donation-de-titres-en-demembrement-attention-a-ne-pas-perdre-la-qualite-dassocie\\\/#primaryimage\",\"url\":\"https:\\\/\\\/klema-avocats.fr\\\/wp-content\\\/uploads\\\/2025\\\/06\\\/fragmentation-propriete.jpg\",\"contentUrl\":\"https:\\\/\\\/klema-avocats.fr\\\/wp-content\\\/uploads\\\/2025\\\/06\\\/fragmentation-propriete.jpg\",\"width\":728,\"height\":400,\"caption\":\"fragmentation propriete\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/klema-avocats.fr\\\/en\\\/donation-de-titres-en-demembrement-attention-a-ne-pas-perdre-la-qualite-dassocie\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/klema-avocats.fr\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gift of Shares with Dismemberment: Be Careful Not to Lose Shareholder Status\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/klema-avocats.fr\\\/#website\",\"url\":\"https:\\\/\\\/klema-avocats.fr\\\/\",\"name\":\"Klema avocats\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/klema-avocats.fr\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/klema-avocats.fr\\\/#\\\/schema\\\/person\\\/1ba119fda6db7410567f55870551af25\",\"name\":\"admin_fourmizz\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f620506e06cbd8ea1bb2c78d02b68c7d09ff04b9420c352f1892e42bde2606c2?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f620506e06cbd8ea1bb2c78d02b68c7d09ff04b9420c352f1892e42bde2606c2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f620506e06cbd8ea1bb2c78d02b68c7d09ff04b9420c352f1892e42bde2606c2?s=96&d=mm&r=g\",\"caption\":\"admin_fourmizz\"},\"sameAs\":[\"https:\\\/\\\/klema-avocats.fr\"],\"url\":\"https:\\\/\\\/klema-avocats.fr\\\/en\\\/author\\\/admin_fourmizz\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Gift of Shares with Dismemberment: Be Careful Not to Lose Shareholder Status | Klema avocats","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/klema-avocats.fr\/en\/donation-de-titres-en-demembrement-attention-a-ne-pas-perdre-la-qualite-dassocie\/","og_locale":"en_US","og_type":"article","og_title":"Gift of Shares with Dismemberment: Be Careful Not to Lose Shareholder Status | Klema avocats","og_description":"Frequently used to optimize transfer duties (inheritance tax), dismemberment of ownership allows several individuals to hold different types of rights over the same shares.It has long raised questions about whether the usufructuary can be granted shareholder status.Indeed, for many years, the issue arose of who held voting rights at a general meeting in the presence [&hellip;]","og_url":"https:\/\/klema-avocats.fr\/en\/donation-de-titres-en-demembrement-attention-a-ne-pas-perdre-la-qualite-dassocie\/","og_site_name":"Klema avocats","article_published_time":"2025-05-05T12:11:14+00:00","article_modified_time":"2025-08-27T11:02:26+00:00","og_image":[{"width":728,"height":400,"url":"https:\/\/klema-avocats.fr\/wp-content\/uploads\/2025\/06\/fragmentation-propriete.jpg","type":"image\/jpeg"}],"author":"admin_fourmizz","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin_fourmizz","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/klema-avocats.fr\/en\/donation-de-titres-en-demembrement-attention-a-ne-pas-perdre-la-qualite-dassocie\/#article","isPartOf":{"@id":"https:\/\/klema-avocats.fr\/en\/donation-de-titres-en-demembrement-attention-a-ne-pas-perdre-la-qualite-dassocie\/"},"author":{"name":"admin_fourmizz","@id":"https:\/\/klema-avocats.fr\/#\/schema\/person\/1ba119fda6db7410567f55870551af25"},"headline":"Gift of Shares with Dismemberment: Be Careful Not to Lose Shareholder Status","datePublished":"2025-05-05T12:11:14+00:00","dateModified":"2025-08-27T11:02:26+00:00","mainEntityOfPage":{"@id":"https:\/\/klema-avocats.fr\/en\/donation-de-titres-en-demembrement-attention-a-ne-pas-perdre-la-qualite-dassocie\/"},"wordCount":309,"image":{"@id":"https:\/\/klema-avocats.fr\/en\/donation-de-titres-en-demembrement-attention-a-ne-pas-perdre-la-qualite-dassocie\/#primaryimage"},"thumbnailUrl":"https:\/\/klema-avocats.fr\/wp-content\/uploads\/2025\/06\/fragmentation-propriete.jpg","articleSection":["Non cat\u00e9goris\u00e9"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/klema-avocats.fr\/en\/donation-de-titres-en-demembrement-attention-a-ne-pas-perdre-la-qualite-dassocie\/","url":"https:\/\/klema-avocats.fr\/en\/donation-de-titres-en-demembrement-attention-a-ne-pas-perdre-la-qualite-dassocie\/","name":"Gift of Shares with Dismemberment: Be Careful Not to Lose Shareholder Status | Klema avocats","isPartOf":{"@id":"https:\/\/klema-avocats.fr\/#website"},"primaryImageOfPage":{"@id":"https:\/\/klema-avocats.fr\/en\/donation-de-titres-en-demembrement-attention-a-ne-pas-perdre-la-qualite-dassocie\/#primaryimage"},"image":{"@id":"https:\/\/klema-avocats.fr\/en\/donation-de-titres-en-demembrement-attention-a-ne-pas-perdre-la-qualite-dassocie\/#primaryimage"},"thumbnailUrl":"https:\/\/klema-avocats.fr\/wp-content\/uploads\/2025\/06\/fragmentation-propriete.jpg","datePublished":"2025-05-05T12:11:14+00:00","dateModified":"2025-08-27T11:02:26+00:00","author":{"@id":"https:\/\/klema-avocats.fr\/#\/schema\/person\/1ba119fda6db7410567f55870551af25"},"breadcrumb":{"@id":"https:\/\/klema-avocats.fr\/en\/donation-de-titres-en-demembrement-attention-a-ne-pas-perdre-la-qualite-dassocie\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/klema-avocats.fr\/en\/donation-de-titres-en-demembrement-attention-a-ne-pas-perdre-la-qualite-dassocie\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/klema-avocats.fr\/en\/donation-de-titres-en-demembrement-attention-a-ne-pas-perdre-la-qualite-dassocie\/#primaryimage","url":"https:\/\/klema-avocats.fr\/wp-content\/uploads\/2025\/06\/fragmentation-propriete.jpg","contentUrl":"https:\/\/klema-avocats.fr\/wp-content\/uploads\/2025\/06\/fragmentation-propriete.jpg","width":728,"height":400,"caption":"fragmentation propriete"},{"@type":"BreadcrumbList","@id":"https:\/\/klema-avocats.fr\/en\/donation-de-titres-en-demembrement-attention-a-ne-pas-perdre-la-qualite-dassocie\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/klema-avocats.fr\/en\/"},{"@type":"ListItem","position":2,"name":"Gift of Shares with Dismemberment: Be Careful Not to Lose Shareholder Status"}]},{"@type":"WebSite","@id":"https:\/\/klema-avocats.fr\/#website","url":"https:\/\/klema-avocats.fr\/","name":"Klema avocats","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/klema-avocats.fr\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/klema-avocats.fr\/#\/schema\/person\/1ba119fda6db7410567f55870551af25","name":"admin_fourmizz","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/f620506e06cbd8ea1bb2c78d02b68c7d09ff04b9420c352f1892e42bde2606c2?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/f620506e06cbd8ea1bb2c78d02b68c7d09ff04b9420c352f1892e42bde2606c2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f620506e06cbd8ea1bb2c78d02b68c7d09ff04b9420c352f1892e42bde2606c2?s=96&d=mm&r=g","caption":"admin_fourmizz"},"sameAs":["https:\/\/klema-avocats.fr"],"url":"https:\/\/klema-avocats.fr\/en\/author\/admin_fourmizz\/"}]}},"_links":{"self":[{"href":"https:\/\/klema-avocats.fr\/en\/wp-json\/wp\/v2\/posts\/325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/klema-avocats.fr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/klema-avocats.fr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/klema-avocats.fr\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/klema-avocats.fr\/en\/wp-json\/wp\/v2\/comments?post=325"}],"version-history":[{"count":1,"href":"https:\/\/klema-avocats.fr\/en\/wp-json\/wp\/v2\/posts\/325\/revisions"}],"predecessor-version":[{"id":326,"href":"https:\/\/klema-avocats.fr\/en\/wp-json\/wp\/v2\/posts\/325\/revisions\/326"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/klema-avocats.fr\/en\/wp-json\/wp\/v2\/media\/228"}],"wp:attachment":[{"href":"https:\/\/klema-avocats.fr\/en\/wp-json\/wp\/v2\/media?parent=325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/klema-avocats.fr\/en\/wp-json\/wp\/v2\/categories?post=325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/klema-avocats.fr\/en\/wp-json\/wp\/v2\/tags?post=325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}