Section 5: Penalties.

It is prohibited to open and operate without the authorisation prescribed in Article L. 522-1 an establishment receiving in deposit goods for which are issued to the depositors, under the name of warrants, or any other name, negotiable pledge notes or storage receipts. Any breach of this prohibition is punishable by a fine of 6,000 euros and imprisonment for one year. The court may order that the sentencing judgment be…

In the event of an infringement by the operator of a general shop of the provisions of this chapter or of the decrees of the Council of State made for the application of the said provisions, the prefect may, after hearing the operator, pronounce by order, temporarily or definitively, the withdrawal of approval. In this case, the president of the court, ruling on a petition or in summary proceedings, shall…

A decree in the Conseil d’Etat shall lay down the conditions for the application of the provisions of this chapter.