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Article L214-84 of the French Monetary and Financial Code

The terms of liquidation and the methods of asset distribution are determined by the fund rules. The management company acts as liquidator under the supervision of the custodian. Failing this, the liquidator shall be appointed by the courts at the request of any unitholder.

Original in French 🇫🇷
Article L214-84

Les conditions de liquidation ainsi que les modalités de la répartition des actifs sont déterminées par le règlement du fonds de placement immobilier. La société de gestion assume les fonctions de liquidateur sous le contrôle du dépositaire. A défaut, le liquidateur est désigné en justice à la demande de tout porteur de parts.

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