PART FOUR: THE REGION

The competent State authority mentioned in article L. 4221-4 is the Departmental Director of Public Finances.

In the cases provided for in article L. 4221-4-1, public accountants are discharged of all liability by handing over the funds to the notary who drew up the deed.

When the price of acquisitions of real estate, real property rights or businesses made under the rules of ordinary law by the regions and their public establishments gives rise to reinvestment in real estate, the public accountants remit the funds to the notary who draws up the deed transferring the real estate acquired in reinvestment. The funds are remitted at the request of the seller and on production of a…

When the price of one of the acquisitions mentioned in Article R. 4221-4 gives rise to reinvestment in securities, the public accountants shall remit the funds to the investment service provider other than a portfolio management company designated by the seller, by contract or by judicial authority, to carry out the purchase and apply for registration of the securities acquired in reinvestment. The funds are remitted on production of a…

For real estate acquisitions made in administrative form by the regions and their public establishments, a deposit may be paid to the seller, as soon as the time limits open for taking registrations with retroactive effect have expired, up to a maximum of three quarters of the difference between the stipulated price and that of the charges and accessories. This deposit is paid after authorisation by the authority empowered to…

The price of real estate acquisitions made out of court in accordance with the rules of civil law on behalf of the regions and their public establishments may be paid to the vendor, after publication of the deed in the real estate register, without completion of the formalities for the purging of registered mortgages when it does not exceed an amount set by order of the minister responsible for the…

Any notary appointed as custodian of a will containing a legacy in favour of a region or a regional public establishment shall be required, as soon as the will is opened, to send the president of the regional council or the representative of the legatee establishment a full copy of the testamentary provisions. The copy shall be written on plain paper and a receipt shall be issued for the documents…

Claims concerning legacies in favour of a region or regional public establishment, made by the legal heirs, are admissible with the Minister of the Interior, within six months of the opening of the will. They shall include the surnames, first names and addresses of the claimants, their order and degree of relationship to the deceased, as well as the grounds for the claim. The Minister of the Interior shall inform…