Section 2: Shareholdings in companies.

A region may, alone or with other local authorities, participate in the capital of a credit institution or finance company in the form of a public limited company governed by the provisions of Book II of the Commercial Code and whose sole purpose is to guarantee financial assistance granted to private individuals, and in particular to newly created businesses, where one or more commercial companies, including at least one credit…

Where, in a société anonyme, a region 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 representatives of the region shall be the responsibility of the region and not of those representatives.