It is awarded to people who have contributed to the prestige of the Principality with distinction.

As the Order rewards personal service to the Sovereign Prince of Monaco, it is awarded on the sole discretion of the Grand-Master, currently Albert II, Prince of Monaco.

According to the statutes, and except for Members of the Princely Family and foreigners, one can only receive the Order first with the rank of Knight.

According to the Prince's orders, the Chancellor proposes the projects of nomination and promotion ordonnances.

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