When the authorisation of a bridge institution is withdrawn in accordance with article L. 311-39, any liquidation surplus reverts to the holders of the institution’s equity securities.
Home | French Legislation Articles | French Insurance Code | Regulatory part | Book III: Companies | Title I: General provisions and State control | Chapter III: Crisis prevention and management measures | Section 3: Provisions relating to the resolution procedure | Subsection 4: Provisions relating to the establishment of a relay facility | Article R311-15 of the French Insurance Code
When the authorisation of a bridge institution is withdrawn in accordance with article L. 311-39, any liquidation surplus reverts to the holders of the institution’s equity securities.
Lorsque l’agrément de l’établissement-relais est retiré dans les conditions prévues à l’article L. 311-39, tout boni de liquidation revient aux détenteurs de titres de capital de cet établissement.
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is a Registered Trademark of
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182, rue de Rivoli
75001, Paris France
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Paris Bar Registration n° (Toque) C2396
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