Section 2: FIA.

I. – For the application of articles R. 214-150 and R. 214-151 to forest savings companies, the statement of assets corresponds to the inventory. II. – Articles R. 214-148 and R. 214-151 are applicable to sociétés d’épargne forestière subject to the following adaptations: 1° The period during which the documents mentioned in article R. 214-151 must be made available to the statutory auditors is extended to four months following the…

The realisable value and the reconstitution value of the forest savings company are determined each year by the management company. The market value of the forestry assets of a forestry savings company is assessed by one or more independent external forestry experts registered on the list of forestry experts provided for in article L. 171-1 of the French Rural and Maritime Fishing Code. The external forestry experts are appointed by…

A société d’épargne forestière may merge with another société d’épargne forestière or with a groupement forestier managing an estate whose forests are subject to approved simple management plans. However, the merger may not result in a forest savings company being absorbed by a forestry group.

The draft terms of merger are approved by the management company of each of the forestry savings companies and the manager of each forestry group participating in the operation. It contains the following information 1° A list of the forestry assets, the names and registered offices of all the companies involved in the merger and a list of the easements and mortgages on the companies’ assets; 2° The reasons, aims…

In the event of a merger between one or more forestry groupings and one or more forestry savings companies, or between several forestry savings companies, the sustainable management commitments in accordance with 3° of 1 of article 793 of the General Tax Code of the same code by one or more forestry groupings prior to this merger or taken over by one or more forestry savings companies at the time…

The forestry assets held directly or indirectly by a forestry savings company are divided, if they are insured against fire, into at least two distinct management units in at least two natural regions or two départements, provided that the proportion of the forestry assets present in one of the natural regions or one of the départements does not exceed 60% of the total forestry assets. If the forestry assets of…

The forestry assets of a forestry savings company are subject to a valuation every fifteen years. The first valuation is carried out when the company acquires the assets. It is updated every three years on the basis of documents provided by the management company, unless exceptional events, work or felling require a new update before this deadline. A second appraisal is carried out from the second year of existence of…

I. – When a forest savings company holds at least 50% of the shares in a forestry group or a company whose sole purpose is to hold woodland and forests, the valuation provided for in article R. 214-175 is also carried out on the assets of this forestry group or company. II. – Where a forest savings company holds less than 50% of such shares, it shall obtain from each…