Article L512-44 of the French Monetary and Financial Code
November 7, 2023
The Caisses de Crédit Agricole Mutuel may receive from any person deposits of funds with or without interest and any deposit of securities.
The Caisses de Crédit Agricole Mutuel may receive from any person deposits of funds with or without interest and any deposit of securities.
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.
The caisses régionales de crédit agricole mutuel may only issue savings bonds with variable maturities, with or without interest, to farmers domiciled in the district of the caisse régionale.
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…
One third of the voting rights attached to shares in the central body of Crédit Agricole held by the regional mutual credit banks are divided equally between the regional mutual credit banks and two thirds are divided in proportion to the number of shares held by each of them.
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…
The central body of Crédit Agricole is authorised to receive all deposits of funds and securities.
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.
Institutions or entities that have received advances or loans from the central body of Crédit Agricole are subject to inspection by the Inspectorate General of Finance.
The distribution by the central body of agricultural credit of advances subsidised by the State to the mutual agricultural credit banks is subject to control by the Inspectorate General of Finance.
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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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