Subsection 1: Popular savings passbook account.

For the application of the first two paragraphs of article L. 221-15 relating to a taxpayer’s eligibility for the popular savings passbook account : 1° The income ceilings mentioned in the first paragraph of the article are calculated each calendar year as follows: a) The amounts mentioned in I of article 1417 of the General Tax Code, rounded to the nearest euro, are multiplied by a coefficient equal to 1.8….

I.-Under the conditions set out in Article R. * 166 AA-1 of the French Tax Procedures Book, the institution managing the popular savings passbook account, or to which an application to open such an account has been made, may question the tax authorities electronically in order to determine whether the conditions set out in Article R. 221-33 of this Code have been met by the account holder or the person…

When the holder of a popular savings passbook account ceases to meet the condition mentioned in 4° of article R. 221-33 for the second consecutive year, the holder must request that the account be closed. Even if the account holder does not request the account to be closed in accordance with the previous paragraph, the custodian institution is required to automatically close any popular savings passbook account for which it…

Where a people’s savings account has been opened at the request of a minor without the involvement of the minor’s legal representative, the latter’s objection to the withdrawal by the minor of sums credited to the account shall be notified to the custodian institution by registered letter with acknowledgement of receipt.