Article L224-38 of the French Monetary and Financial Code
November 8, 2023
In the event of the transfer referred to in the fifth paragraph of article L. 224-6, the choice of a new manager is subject to a competitive tender procedure and is submitted to the general meeting of the subscribing association, on the recommendation of the supervisory committee. The Supervisory Committee examines whether the plan should be renewed with the insurance company or whether it should be put out to competitive…
