If the number of partners is more than ten, and the company does not have a board of managers, a control board, consisting of at least three partners, shall be appointed for a specific period in the company's memorandum of association. The partners' general assembly may reappoint them or appoint others from among the partners after the expiration of this period. The managers shall not have the right to vote on the election or dismissal of the members of the control board.

The control board shall have the right to examine the company's books and documents, to make an inventory of the cash money, the stock, securities and documents establishing the company's rights and to request the managers at any time to submit reports on their management.

The board shall also oversee the balance sheet, the profit distribution and the annual report, and shall submit its report in this regard to the partners' general assembly at least fifteen days before its meeting.

The board shall authorize the acts which the company's memorandum of association requires its authorization to undertake them.