The central subject of this paper is to introduce the narrative theory of the Paris School of Semiotics founded by Algirdas Julien Greimas, and more specifically its narrative modalities theory developed between 1966 and 1979, normally considered as the second period of the School. We will begin with the theoretical problems which narrative modalities theory try to resolve and its basic developments (the four fundamental modalities and the schema of the realization of the subject), then come to discuss the value of the object and the double narrative programs, and with them, the classification of several forms of communication (participative, polemic, mutual gift and exchange), and finally the modalities of the utterances of state (the modalization of being, the veridictory modalities and modalities of belief). At the end of paper, we will put forward the questions about the possible cultural limitation, the binarism, and the philosophical standpoint of this theory.