{"id":29365,"date":"2021-02-28T20:39:40","date_gmt":"2021-02-28T18:39:40","guid":{"rendered":"https:\/\/www.e2.law\/?p=29365"},"modified":"2023-08-19T23:23:01","modified_gmt":"2023-08-19T21:23:01","slug":"les-actions-sans-droits-de-vote","status":"publish","type":"post","link":"https:\/\/www.e2.law\/fr\/2021\/02\/28\/les-actions-sans-droits-de-vote\/","title":{"rendered":"Les actions et le droit de vote: avec ou sans ?"},"content":{"rendered":"<h3>Une action = un droit de vote?<\/h3>\n<p>Traditionnellement, le code des soci\u00e9t\u00e9s imposait le principe de 1 action = 1 voix: chaque action donnait droit \u00e0 une vote.\u00a0 Il n&#8217;\u00e9tait pas possible de pr\u00e9voir, pour une soci\u00e9t\u00e9, des actions auxquelles sont associ\u00e9es des droits de vote multiple.<\/p>\n<blockquote><p>Depuis 1991, moyennant le respect de certaines limitations strictes, des actions d\u00e9pourvues de droit de vote pouvaient \u00eatre \u00e9mises. Dans de plusieurs cas, ces actions recouvraient leur droit de vote.\u00a0 C&#8217;\u00e9tait notamment le cas lorsque les conditions pr\u00e9vues pour leur \u00e9mission n&#8217;\u00e9taient plus respect\u00e9es.<\/p><\/blockquote>\n<p>Depuis le code des soci\u00e9t\u00e9s et des associations, le principe de &#8220;1 action = 1 voix&#8221; est maintenu, mais il est d\u00e9sormais possible d&#8217;y d\u00e9roger.\u00a0 Si les statuts ne pr\u00e9voient rien, chaque action dispose d&#8217;une voix. Mais les statuts peuvent y d\u00e9roger.<\/p>\n<p>Il est ainsi possible:<\/p>\n<ul>\n<li>d&#8217;accorder \u00e0 certaines actions :\n<ul>\n<li>un droit de vote multiple (par exemple, uniquement aux fondateurs, aux actionnaires actifs, en fonction du type d&#8217;assembl\u00e9e g\u00e9n\u00e9rale, en fonction du type de d\u00e9cisions envisag\u00e9es, en fonction de certains param\u00e8tres);<\/li>\n<li>un droit de vote multiple conditionnel (par exemple en fonction de l&#8217;\u00e2ge, \u00e0 l&#8217;atteinte de certains objectifs&#8230;).;<\/li>\n<li>un double droit de votre r\u00e9compensant la loyaut\u00e9 dans la d\u00e9tention d&#8217;actions;<\/li>\n<\/ul>\n<\/li>\n<li>de pr\u00e9voir des actions sans droit de vote (pour autant qu&#8217;il y ait au moins une action \u00e0 laquelle est attach\u00e9e un droit de vote).<\/li>\n<\/ul>\n<blockquote><p>Les limitations autrefois pr\u00e9vues pour les actions sans droit de vote n&#8217;existent plus (1\/3 du nombre total des actions ; obligation d&#8217;accorder un dividende pr\u00e9f\u00e9rentiel; disparition de la survivance d&#8217;un droit de vote dans de nombreux cas)<\/p>\n<p>Dans une soci\u00e9t\u00e9 cot\u00e9e, il n&#8217;est pas possible d&#8217;accorder un droit de vote multiple au del\u00e0 du double du vote de loyaut\u00e9.<\/p><\/blockquote>\n<h3>Les actions sans droit de vote ne sont pas des actions sans droit:<\/h3>\n<p>Une actions sans droit de vote dispose tout de m\u00eame d&#8217;un ensemble de droits reconnus aux actionnaires:<\/p>\n<ul>\n<li>le droit d&#8217;assister l&#8217;assembl\u00e9e g\u00e9n\u00e9rale et de poser des questions quant \u00e0 l&#8217;ordre du jour (SRL <a href=\"https:\/\/www.ejustice.just.fgov.be\/cgi_loi\/loi_a1.pl?language=fr&amp;la=F&amp;table_name=loi&amp;cn=2019032309&amp;&amp;caller=list&amp;F&amp;fromtab=loi&amp;tri=dd+AS+RANK&amp;rech=1&amp;numero=1&amp;sql=(text+contains+(%27%27))#Art.5:85\" name=\"Art.5:86\">Art.<\/a>\u00a0<a href=\"https:\/\/www.ejustice.just.fgov.be\/cgi_loi\/loi_a1.pl?language=fr&amp;la=F&amp;table_name=loi&amp;cn=2019032309&amp;&amp;caller=list&amp;F&amp;fromtab=loi&amp;tri=dd+AS+RANK&amp;rech=1&amp;numero=1&amp;sql=(text+contains+(%27%27))#Art.5:87\">5:86<\/a>);<\/li>\n<li>le droit de pr\u00e9f\u00e9rence lors de l&#8217;\u00e9mission de nouvelles actions en contrepartie d&#8217;un apport en esp\u00e8ces;<\/li>\n<li>les droits d&#8217;investigation;<\/li>\n<li>les droits reconnus aux minoritaires; actions en nullit\u00e9 de l&#8217;assembl\u00e9e g\u00e9n\u00e9rale; dispositions relatives aux r\u00e8glements les litiges entre actionnaires;<\/li>\n<li>dans la SRL, le droit de d\u00e9mission \u00e0 charge des fonds propres, si celui-ci est pr\u00e9vu statutairement;<\/li>\n<li>etc.<\/li>\n<\/ul>\n<h3>Les actions sans droit de vote ont parfois un droit de vote<\/h3>\n<p>Les actions sans droit de vote recouvrent un droit de vote pour certaines op\u00e9rations, en cas de :<\/p>\n<ul>\n<li>modifications des droits attach\u00e9s aux classes de titres (si on \u00e9met des nouvelles actions avec droits de vote sans modifier le nombre d&#8217;action sans droit de vote, les actions sans droit de vote doivent voter!);<\/li>\n<li>transformation;<\/li>\n<li>fusion transfrontali\u00e8re;<\/li>\n<li>transfert transfrontalier du si\u00e8ge social;<\/li>\n<li>dividende pr\u00e9f\u00e9rentiel volontaire non pay\u00e9 non pay\u00e9 deux ann\u00e9es cons\u00e9cutives.<\/li>\n<\/ul>\n<p>Pour la SRL :\u00a0<a href=\"https:\/\/www.ejustice.just.fgov.be\/cgi_loi\/loi_a1.pl?language=fr&amp;la=F&amp;table_name=loi&amp;cn=2019032309&amp;&amp;caller=list&amp;F&amp;fromtab=loi&amp;tri=dd+AS+RANK&amp;rech=1&amp;numero=1&amp;sql=(text+contains+(%27%27))#Art.5:46\" name=\"Art.5:47\">Art.<\/a>\u00a0<a href=\"https:\/\/www.ejustice.just.fgov.be\/cgi_loi\/loi_a1.pl?language=fr&amp;la=F&amp;table_name=loi&amp;cn=2019032309&amp;&amp;caller=list&amp;F&amp;fromtab=loi&amp;tri=dd+AS+RANK&amp;rech=1&amp;numero=1&amp;sql=(text+contains+(%27%27))#LNK0171\">5:47<\/a>.\u00a0 \u00a0Pour la SA :\u00a0<a href=\"https:\/\/www.ejustice.just.fgov.be\/cgi_loi\/loi_a1.pl?language=fr&amp;la=F&amp;table_name=loi&amp;cn=2019032309&amp;&amp;caller=list&amp;F&amp;fromtab=loi&amp;tri=dd+AS+RANK&amp;rech=1&amp;numero=1&amp;sql=(text+contains+(%27%27))#Art.7:56\" name=\"Art.7:57\">Art.<\/a>\u00a0<a href=\"https:\/\/www.ejustice.just.fgov.be\/cgi_loi\/loi_a1.pl?language=fr&amp;la=F&amp;table_name=loi&amp;cn=2019032309&amp;&amp;caller=list&amp;F&amp;fromtab=loi&amp;tri=dd+AS+RANK&amp;rech=1&amp;numero=1&amp;sql=(text+contains+(%27%27))#LNK0332\">7:57<\/a>.<\/p>\n<h3>Les actions sans droit de vote et la tenue d&#8217;un assembl\u00e9e g\u00e9n\u00e9rale<\/h3>\n<p>Hormis les cas o\u00f9 un droit de vote leur est reconnu en vertu de la loi ou des statuts, il n&#8217;est pas tenu compte des actions sans droit de vote ( <a href=\"https:\/\/www.ejustice.just.fgov.be\/cgi_loi\/loi_a1.pl?language=fr&amp;la=F&amp;table_name=loi&amp;cn=2019032309&amp;&amp;caller=list&amp;F&amp;fromtab=loi&amp;tri=dd+AS+RANK&amp;rech=1&amp;numero=1&amp;sql=(text+contains+(%27%27))#Art.5:91\" name=\"Art.5:92\">Art.<\/a>\u00a0<a href=\"https:\/\/www.ejustice.just.fgov.be\/cgi_loi\/loi_a1.pl?language=fr&amp;la=F&amp;table_name=loi&amp;cn=2019032309&amp;&amp;caller=list&amp;F&amp;fromtab=loi&amp;tri=dd+AS+RANK&amp;rech=1&amp;numero=1&amp;sql=(text+contains+(%27%27))#Art.5:93\">5:92<\/a>.)<\/p>\n<h3>Utilit\u00e9 des actions sans droit de vote<\/h3>\n<p>Cela peut avoir le m\u00eame objectif que celui pr\u00e9vu par des actions avec vote plural.<\/p>\n<p>Pour les soci\u00e9t\u00e9s cot\u00e9es, c&#8217;est une fa\u00e7on d&#8217;\u00e9chapper \u00e0 la limitation du du vote de loyaut\u00e9 \u00e0 deux voix.<\/p>\n<h3>D&#8217;autres titres disposent de droit de vote.<\/h3>\n<p>Le droit de vote n&#8217;est pas l&#8217;apanage exclusif des actions dans la SA.\u00a0\u00a0D&#8217;autres titres peuvent s&#8217;en voir attribuer.\u00a0 C&#8217;est le cas des parts b\u00e9n\u00e9ficiaires.\u00a0 Toutefois, dans la SA, le pouvoir votal des parts b\u00e9n\u00e9ficiaires est limit\u00e9.<\/p>\n<p>En revanche, dans la SRL, seules les actions peuvent se voir attribuer un droit de vote.<\/p>\n<p>La technique des parts b\u00e9n\u00e9ficiaires \u00e9tait autrefois utilis\u00e9e dans les SA pour contourner le principe de 1 action = 1 voix.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Une action = un droit de vote? Traditionnellement, le code des soci\u00e9t\u00e9s imposait le principe de 1 action = 1 voix: chaque action donnait droit \u00e0 une vote.\u00a0 Il n&#8217;\u00e9tait pas possible de pr\u00e9voir, pour une soci\u00e9t\u00e9, des actions auxquelles sont associ\u00e9es des droits de vote multiple. Depuis 1991, moyennant le respect de certaines limitations strictes,   [&#8230;]<\/p>\n","protected":false},"author":169,"featured_media":29944,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[141],"tags":[1234],"class_list":["post-29365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-non-classifiee","tag-societe-a-responsabilite-limitee"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Les actions et le droit de vote: avec ou sans ? - e2.law<\/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:\/\/www.e2.law\/fr\/2021\/02\/28\/les-actions-sans-droits-de-vote\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Les actions et le droit de vote: avec ou sans ? - e2.law\" \/>\n<meta property=\"og:description\" content=\"Une action = un droit de vote? Traditionnellement, le code des soci\u00e9t\u00e9s imposait le principe de 1 action = 1 voix: chaque action donnait droit \u00e0 une vote.\u00a0 Il n&#8217;\u00e9tait pas possible de pr\u00e9voir, pour une soci\u00e9t\u00e9, des actions auxquelles sont associ\u00e9es des droits de vote multiple. Depuis 1991, moyennant le respect de certaines limitations strictes,  [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.e2.law\/fr\/2021\/02\/28\/les-actions-sans-droits-de-vote\/\" \/>\n<meta property=\"og:site_name\" content=\"e2.law\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-28T18:39:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-19T21:23:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.e2.law\/wp-content\/uploads\/2021\/02\/52259BF3-07D1-471F-B4F7-568A41C2C875.png\" \/>\n\t<meta property=\"og:image:width\" content=\"2100\" \/>\n\t<meta property=\"og:image:height\" content=\"2100\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"e\u00b2.law\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u00c9crit par\" \/>\n\t<meta name=\"twitter:data1\" content=\"e\u00b2.law\" \/>\n\t<meta name=\"twitter:label2\" content=\"Dur\u00e9e de lecture estim\u00e9e\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.e2.law\\\/fr\\\/2021\\\/02\\\/28\\\/les-actions-sans-droits-de-vote\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.e2.law\\\/fr\\\/2021\\\/02\\\/28\\\/les-actions-sans-droits-de-vote\\\/\"},\"author\":{\"name\":\"e\u00b2.law\",\"@id\":\"https:\\\/\\\/www.e2.law\\\/fr\\\/#\\\/schema\\\/person\\\/9f822952177053b420c93ceda8001bcd\"},\"headline\":\"Les actions et le droit de vote: avec ou sans ?\",\"datePublished\":\"2021-02-28T18:39:40+00:00\",\"dateModified\":\"2023-08-19T21:23:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.e2.law\\\/fr\\\/2021\\\/02\\\/28\\\/les-actions-sans-droits-de-vote\\\/\"},\"wordCount\":704,\"publisher\":{\"@id\":\"https:\\\/\\\/www.e2.law\\\/fr\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.e2.law\\\/fr\\\/2021\\\/02\\\/28\\\/les-actions-sans-droits-de-vote\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/www.e2.law\\\/wp-content\\\/uploads\\\/2021\\\/02\\\/52259BF3-07D1-471F-B4F7-568A41C2C875.png?fit=2100%2C2100&ssl=1\",\"keywords\":[\"soci\u00e9t\u00e9 \u00e0 responsabilit\u00e9 limit\u00e9e (SRL)\"],\"articleSection\":[\"Non classifi\u00e9(e)\"],\"inLanguage\":\"fr-FR\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.e2.law\\\/fr\\\/2021\\\/02\\\/28\\\/les-actions-sans-droits-de-vote\\\/\",\"url\":\"https:\\\/\\\/www.e2.law\\\/fr\\\/2021\\\/02\\\/28\\\/les-actions-sans-droits-de-vote\\\/\",\"name\":\"Les actions et le droit de vote: avec ou sans ? 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- e2.law","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:\/\/www.e2.law\/fr\/2021\/02\/28\/les-actions-sans-droits-de-vote\/","og_locale":"fr_FR","og_type":"article","og_title":"Les actions et le droit de vote: avec ou sans ? - e2.law","og_description":"Une action = un droit de vote? Traditionnellement, le code des soci\u00e9t\u00e9s imposait le principe de 1 action = 1 voix: chaque action donnait droit \u00e0 une vote.\u00a0 Il n&#8217;\u00e9tait pas possible de pr\u00e9voir, pour une soci\u00e9t\u00e9, des actions auxquelles sont associ\u00e9es des droits de vote multiple. 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