Article R5211-13-3 of the French General Code of Local Authorities
When the price of acquisitions of real estate, real property rights or businesses carried out according to the rules of common law by public establishments of inter-municipal cooperation gives rise to reinvestment in real estate, the public accountants remit the funds to the notary drafting the deed transferring the real estate acquired in reinvestment. The funds are remitted at the request of the seller and on production of a certificate…