Book II: Products

Taxpayers whose tax domicile is in France may open an SME innovation account with a credit institution, the Caisse des dépôts et consignations, the Banque de France or an investment firm. Each taxpayer or each spouse or partner in a civil solidarity pact subject to joint taxation may only hold one PME innovation account. An account can only have one holder. The PME innovation account gives rise to the opening…

I. – The holder of an SME innovation account defined in article L. 221-32-4 may deposit in this account units or shares in a company subject to corporation tax that it has acquired or subscribed to outside this account, subject to compliance with the following conditions: 1° The company issuing these units or shares meets the conditions mentioned in 2° of B of 1c of article 150-0 D of the…

I. – Cash withdrawals may be made from the cash account associated with the SME Innovation Account defined in article L. 221-32-4. II. – In the event of the liquidation of a company whose shares are held in the securities account associated with the SME Innovation Account, the sums allocated to the holder of this account in respect of the cancellation of the said securities which are not included in…

The institution with which an SME innovation account defined in Article L. 221-32-4 is opened shall keep, for each unit or share held in the securities account, as well as for the cash held in the cash account, the information required for the application ofArticle 150-0 B quinquies of the General Tax Code.