13:43 Sep 11, 2020
Le président personne morale associée sera démissionnaire d'office au jour de l'ouverture d'une procédure de redressement ou de liquidation judiciaires. = one of the "associée" is not a natural / physical person but a moral /legal person (a different one from the "partnership" or whatever it is exactly). That "personne morale associée" happens to be also "Le président" of the partnership.
If that moral /legal person that is acting as "Le président" gets into trouble (= "ouverture d'une procédure de redressement ou de liquidation judiciaires" of this "président personne morale associée" NOT of the partnership they are presiding), then this "président personne morale" will be automatically kicked out of office, demoted from the position of "président" (- of the partnership).
Obviously as a "moral /legal person" is just an impalpable legal abstraction, there will a be natural / physical person acting as "Le président", but only as a representative of the "personne morale associée", not in personal capacity.
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