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Article L1525-1 of the French General Code of Local Authorities

The provisions of article L. 1522-1 concerning the majority shareholding of local authorities and their groupings are not applicable: 1° To semi-public companies set up under the Decree-Laws of 5 November and 28 December 1926 and created prior to 8 July 1983, the date of publication of the loi n° 83-597 du 7 juillet 1983 relative aux sociétés d’économie mixte locales, provided they do not change their corporate purpose; 2°…

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Article L1525-3 of the French General Code of Local Authorities

The provisions of this Title shall not apply: 1° To sociétés anonymes d’habitations à loyer modéré and sociétés de crédit immobilier referred to in Articles L. 422-2 and L. 422-4 du code de la construction et de l’habitation, in whose capital participate, pursuant to article L. 431-4 (3°) of the same code, departments or municipalities; 2° Regional or inter-regional finance companies and regional development companies in whose capital, pursuant to…

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