Bonds issued by associations under the conditions provided for in this sub-section are intended to meet development and financing needs and not to distribute to their subscribers management surpluses constituted by the issuing associations.
Subscriptions and transfers of bonds carried out in breach of the first paragraph are absolutely null and void.
Les obligations émises par les associations dans les conditions prévues à la présente sous-section ont pour but de répondre à des besoins de développement et de financement et non de distribuer à leurs souscripteurs des excédents de gestion constitués par les associations émettrices.
Les souscriptions et transferts d’obligations intervenus en violation du premier alinéa sont frappés de nullité absolue.
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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