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Article L512-43 of the French Monetary and Financial Code

In the event of the dissolution of regional mutual agricultural credit associations that have received advances from the central body of agricultural credit, the remaining assets are, after payment of the company’s debts and reimbursement of the capital actually paid in, placed on deposit, without interest, with the central body of agricultural credit, until the amount can be made available, as and when required, to any regional mutual agricultural credit…

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Article L512-45 of the French Monetary and Financial Code

Deposits received by the local mutuals affiliated to a regional mutual credit union must be transferred immediately to the regional mutual which manages them. Where a regional mutual has a surplus of deposits, this surplus must be deposited with the central body of Crédit Agricole.

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Article L512-47 of the French Monetary and Financial Code

The organe central du crédit agricole is a public limited company (société anonyme), responsible for facilitating, coordinating and controlling the performance of the operations provided for in this Code, governed by the provisions of the Code de commerce and by the specific provisions of this sub-section. It carries on the tasks which, prior to the promulgation of the law of 18 January 1988 relating to the mutualisation of the caisse…

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Article L512-49 of the French Monetary and Financial Code

The Board of Directors of the central body of Crédit Agricole includes, in addition to the members appointed by the General Meeting under the conditions defined in articles L. 225-17 and L. 225-18 of the French Commercial Code, a representative of the professional agricultural organisations appointed under conditions laid down by decree in the Conseil d’Etat. The Board of Directors elects a Chairman, who must be a director of a…

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Article L512-51 of the French Monetary and Financial Code

The caisses de crédit agricole mutuel referred to in articles L. 512-34 and L. 512-35 are subject to supervision by the organe central du crédit agricole. They are required to provide it with all documents, information and evidence intended to enable an administrative, technical and financial control of their organisation and management.

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