Article L512-30 of the French Monetary and Financial Code
November 7, 2023
The caisses de crédit agricole mutuel are not required to be registered in the Trade and Companies Register.
The caisses de crédit agricole mutuel are not required to be registered in the Trade and Companies Register.
The Articles of Association determine the registered office, territorial scope and mode of administration of the Caisses de Crédit Agricole Mutuel. They determine the nature and scope of their operations, the rules to be followed for amending the Articles of Association, the dissolution of the company, the composition of the capital, the proportion in which each member may contribute to the constitution of this capital and the conditions under which…
The caisses locales de crédit agricole mutuel may grant loans to their members.
The purpose of the caisses régionales de crédit agricole mutuel is : 1. to facilitate transactions carried out by members of the local mutual agricultural credit cooperatives in their area and guaranteed by these local cooperatives. However, in the event that there is no local caisse capable of examining applications, the regional caisses may, exceptionally, if they have sufficient guarantees, grant these various loans directly, in particular short-term loans to…
The name “caisse régionale de crédit agricole mutuel” is reserved for regional mutuals receiving advances from the central body of Crédit Agricole and operating under its control.
In order to carry out transactions with a regional caisse de crédit agricole mutuel, a local caisse de crédit agricole mutuel must first be authorised to do so by the central body of Crédit Agricole. It must also be duly affiliated to this regional credit union and have subscribed to at least one share of the latter’s share capital.
The Caisses de Crédit Agricole Mutuel are administered by a Board of Directors, the members of which are elected by the General Meeting of member-policyholders.
Without prejudice to the provisions of Article L. 612-40, the personal liability of the members entrusted with the administration of the Caisse shall only arise in the event of a breach of the Articles of Association or of the provisions of this Section.
In the event that the Board of Directors of a Regional Mutual Agricultural Credit Union ceases to hold office or takes decisions contrary to legal or regulatory provisions or the instructions of the Central Body of Agricultural Credit, the Central Body of Agricultural Credit may appoint a committee to be responsible for the provisional management of the Regional Mutual Agricultural Credit Union pending the election of a new Board of…
The Boards of Directors of the Caisses Régionales de Crédit Agricole Mutuel have powers over the administration and management of the local mutuals affiliated to them similar to those conferred by Article L. 512-38 on the central body of Crédit Agricole over the administration and management of the local mutuals. The election by the boards of directors of the local mutual agricultural credit cooperatives of their chairman, vice-chairmen and managing…
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.
