Article L1511-4 of the French General Code of Local Authorities
Local authorities and their groupings shall determine the nature and amount of any guarantees imposed on companies receiving aid and their managers.
Local authorities and their groupings shall determine the nature and amount of any guarantees imposed on companies receiving aid and their managers.
The region, metropolitan areas and the metropolis of Lyon may pay grants to the organisations mentioned in 4 of article 238 bis of the General Tax Code whose sole purpose is to participate in the creation or takeover of businesses and to the bodies mentioned in 1 of article L. 511-6 of the Monetary and Financial Code which participate in business creation. Municipalities and their groupings may also pay subsidies…
I. – Local authorities and their groupings may grant aid to encourage healthcare professionals to set up or remain in areas defined in application of 1° of article L. 1434-4 of the Public Health Code. To this end, agreements are signed between the authorities and groupings that grant the aid and the healthcare professionals concerned. The agreements signed are forwarded by the local authorities and groupings concerned to the regional…
I.-Territorial authorities or their groupings may grant aid to veterinarians who contribute to the protection of public health and ensure the continuity and permanence of care for farm animals. To this end, agreements, which may include an obligation to set up or maintain a practice, are signed between the local authorities or groupings that grant the aid and the veterinary surgeons or their practice companies concerned. The agreements signed are…
Municipalities, départements, regions and their groupings may, within the scope of the powers conferred on them by law, set up local semi-public companies which associate them with one or more private individuals and, where applicable, with other public individuals to carry out development or construction projects, to operate industrial or commercial public services, or for any other activity of general interest; where the purpose of local semi-public companies includes several…
The deliberative assemblies of communes, départements, regions and their groupings may, for the purpose of creating local semi-public companies mentioned in Article L. 1521-1, acquire shares or receive, as a fee, contribution shares, issued by these companies. Shareholdings are subject to the following conditions: 1° The company takes the form of a public limited company governed by Book II of the French Commercial Code, subject to the provisions of this…
Shareholders other than local authorities and their groupings may not hold less than 15% of the share capital.
Notwithstanding the provisions of article L224-2 of the French Commercial Code, share capital must be at least equal to 225,000 euros for companies whose purpose is the construction of buildings for residential, office or industrial use, intended for sale or rent, and 150,000 euros for those whose purpose is development.
Local authorities and their groupings may, in their capacity as shareholders, take part in changes to the capital or allocate current account contributions from members to local semi-public companies under the conditions defined in article L. 1522-5. These financial contributions are not governed by the provisions of Title I of this Book.
The contribution to the members’ current account referred to in the first paragraph of article L. 1522-4 is allocated within the framework of an express agreement between the shareholder local authority or grouping, on the one hand, and the local semi-public company, on the other hand, which stipulates, on pain of nullity: 1° The nature, purpose and duration of the contribution; 2° The amount, the conditions for repayment, possibly remuneration…
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75001, Paris France
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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