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Article R512-49 of the French Monetary and Financial Code

Local authorities and public inter-municipal cooperation bodies with their own tax status may only become members of local savings companies affiliated to the savings and provident institution operating within their jurisdiction.

Original in French 🇫🇷
Article R512-49

Les collectivités territoriales et les établissements publics de coopération intercommunale à fiscalité propre ne peuvent devenir sociétaires que des sociétés locales d’épargne affiliées à la caisse d’épargne et de prévoyance qui exerce son activité dans leur ressort.

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