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Article R214-158 of the French Monetary and Financial Code

Companies may only merge if the majority of their assets are made up of properties used primarily for residential purposes or primarily for commercial purposes. To determine whether a property is used for residential or commercial purposes, the market value of the buildings in the portfolio is taken into account.

Original in French 🇫🇷
Article R214-158

Ne peuvent fusionner que des sociétés dont le patrimoine est composé en majorité d’immeubles à usage principal d’habitation ou à usage principal commercial. Pour caractériser un patrimoine au regard de l’usage d’habitation ou de l’usage commercial, il est tenu compte de la valeur vénale des immeubles qui le composent.

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