Call Us + 33 1 84 88 31 00

Article L641-12-1 of the French Commercial code

If the debtor is the settlor and sole beneficiary of a trust contract, the opening or pronouncement of a judicial liquidation in respect of the debtor automatically terminates the trust contract and returns to the debtor’s patrimony the rights, assets or securities present in the trust patrimony.

Original in French 🇫🇷
Article L641-12-1
Si le débiteur est constituant et seul bénéficiaire d’un contrat de fiducie, l’ouverture ou le prononcé d’une liquidation judiciaire à son égard entraîne la résiliation de plein droit de ce contrat et le retour dans son patrimoine des droits, biens ou sûretés présents dans le patrimoine fiduciaire.

Need help with this article? Get help from a French lawyer

Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.

Useful links

You have a question in French Business Law?

Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call +33 (0) 1 84 88 31 00 or send us an email.

All information exchanged through this website will be communicated to lawyers registered with a French Bar and will remain confidential.