Section 3: Shareholdings in companies

All shareholdings in the capital of a commercial company or any other profit-making body whose purpose is not to operate departmental services or activities of general interest under conditions similar to those provided for, in the case of communes, by article L. 2253-2. By way of derogation from this article, a département may, by deliberation of its deliberative body, hold shares in a société anonyme or a société par actions…

Where, in a public limited company, a département is a member or chairman of the board of directors, a member of the management board or a member or chairman of the supervisory board, the civil liability arising from the exercise of the mandate of the département’s representatives is incumbent on the département and not on those representatives.