Article L214-112 of the French Monetary and Financial Code
November 8, 2023
The merger is approved by the Extraordinary General Meeting of each of the companies involved.
The merger is approved by the Extraordinary General Meeting of each of the companies involved.
The Extraordinary General Meeting of the acquiring company decides on the valuation of the contributions in kind, in accordance with the provisions of article L. 214-91.
The purpose of non-trading property investment companies (sociétés civiles de placement immobilier) is the direct or indirect acquisition and management of property assets for rental purposes, including those in a future state of completion. In accordance with the conditions laid down by decree of the Conseil d’Etat, the purpose of non-trading property investment companies is also to acquire and manage properties that they have built exclusively for rental purposes. For…
I. – Under the conditions laid down by decree of the Conseil d’Etat, the assets of a société civile de placement immobilier consist exclusively of : 1° Buildings constructed or acquired with a view to letting and rights in rem relating to such property and listed by the Conseil d’Etat decree referred to in the previous paragraph; 2° Shares in partnerships which are not admitted to trading on a market…
At least 15% of the maximum capital of non-trading property investment companies, as set out in their Articles of Association, must be subscribed by the public within one year of the opening date of the subscription period. If this obligation is not met, the company is dissolved and the shareholders are reimbursed for the amount of their subscription.
With the exception of the cases provided for in articles L. 214-66 and L. 214-76, a société civile de placement immobilier may only merge with another société civile de placement immobilier managing assets of a comparable composition. The conditions for the application of this article are set by the decree mentioned in article L. 214-121.
In accordance with the conditions laid down by decree of the Conseil d’Etat, a société civile de placement immobilier may transfer its assets and liabilities by way of demerger to undertakings for collective real estate investment, whatever their form. As an exception to article L. 214-114, prior to the demerger, non-trading property investment companies are authorised, where appropriate, to contribute all or part of their assets to new non-trading companies,…
The main purpose of forest savings companies is to acquire and manage forest assets. At least 60% of their assets consist of woodland or forests, shares in forestry groupings or companies whose sole purpose is to hold woodland and forests, and cash or cash equivalents. The woods and forests held by these companies must be managed in accordance with an approved simple management plan. Shares in forest savings companies are…
The proportion of the assets of forest savings companies made up of woodland and forests is set at 51% when these companies devote, under conditions defined by decree in the Conseil d’Etat, a fraction of their assets to subsidising or guaranteeing loans granted by credit institutions or finance companies approved by the administrative authority to finance investment, development or exploitation of woodland and forests.
At least 15% of the maximum capital of forest savings companies, as set out in their articles of association, must be subscribed by the public within two years of the opening date of the subscription. If this obligation is not met, the company is dissolved and the members are reimbursed for the amount of their subscription.
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
Resources
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
Useful links
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call +33 (0) 1 84 88 31 00 or send us an email.
All information exchanged through this website will be communicated to lawyers registered with a French Bar and will remain confidential.
