Article L4433-14-1 of the French General Code of Local Authorities
I.-When a public establishment created on the basis of article L. 4433-14 succeeds a public administrative establishment, all the rights, property and obligations of the public administrative establishment may be transferred to the public industrial and commercial establishment, on the date of its creation, under the conditions provided for by deliberation of the local authority which created them. This transfer is made free of charge and gives rise to the…