TITLE II: LOCAL SEMI-PUBLIC COMPANIES

Local semi-public companies may intervene on behalf of persons who do not participate in their capital. For operations other than the provision of services, this intervention is subject to the condition that these persons first provide all the necessary financing, in the case of private persons, or guarantee all the necessary financing, in the case of public persons ; failing this, these interventions are subject to the prior agreement of…

When a local semi-public company is bound to a local authority, a group of local authorities or another public person by a development concession referred to in article L. 300-4 of the town planning code, the latter provides on pain of nullity:

In the event that a local authority, a group of local authorities or another public entity entrusts the study and implementation of a development project to a local semi-public company under a development concession provided for in Article L. 300-4 du Code de l’urbanisme, the concession agreement is drawn up in accordance with the provisions of articles L. 300-4 to L. 300-5-2 of the same code; however, when the contracting…

In the event that the company goes into compulsory liquidation, concessions awarded on the basis of article L. 300-4 of the town planning code or public service delegation contracts are automatically terminated and the assets contributed by the latter and included in the scope of the agreement or concession are returned to the territorial authority or grouping free of charge. On pain of nullity, the concession or public service delegation…