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Article R123-184 of the French Commercial code

Participations are rights in the capital of other legal entities, whether or not evidenced by securities, which, by creating a lasting link with them, are intended to contribute to the business of the company holding them. Securities representing more than 10% of the capital are presumed to be equity holdings.

Original in French 🇫🇷
Article R123-184

Constituent des participations les droits dans le capital d’autres personnes morales, matérialisés ou non par des titres, qui, en créant un lien durable avec celles-ci, sont destinés à contribuer à l’activité de la société détentrice. Sont présumés être des participations les titres représentant une fraction du capital supérieure à 10 %.

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