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Article L214-40 of the French Monetary and Financial Code

An undertaking for collective real estate investment may borrow cash up to a limit of 10% of the value of its assets other than those mentioned in article L. 214-39.

The conditions for application of the limit mentioned in the previous paragraph are set by decree in the Conseil d’Etat.

Original in French 🇫🇷
Article L214-40

Un organisme de placement collectif immobilier peut procéder à des emprunts d’espèces dans la limite de 10 % de la valeur de ses actifs autres que ceux mentionnés à l’article L. 214-39.

Les conditions d’application de la limite mentionnée à l’alinéa précédent sont fixées par décret en Conseil d’Etat.

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