BOOK VII: Commercial jurisdictions and the organisation of commerce.

The establishments of the network may be authorised to contract loans to meet or contribute to the expenditure resulting from their actions in all the areas in which their powers are exercised, with the exception of their operating expenditure. They service the loans using all the resources available to them under article L. 710-1 of the French Commercial Code. The transmission to the supervisory authority of the deliberation adopting a…

The establishments in the network may, subject to the approval of the supervisory authority, work together to create, subsidise and operate establishments, services or works of common interest. To this end, they may, under the conditions set out in article R. 712-27, contract collective loans, the cost of which is shared between the participating establishments. Decisions relating to the creation, operation and financing of these joint establishments or services are…

For loans concerning airport and port services or facilities delegated to network establishments, authorisation is granted after an opinion from the delegating authority has been requested by the delegating establishment. .

Subject to loans the amount of which is less than the threshold mentioned in the last paragraph of Article R. 712-7, authorisation to borrow is given in the forms provided for in Article R. 712-8. The mere inclusion in the budget of the establishment of the proceeds of a loan does not authorise the consular company to contract this loan, even after explicit or implicit approval of this budget by…