Subsection 1: General rules.

Bonds are negotiable securities which, in a single issue, confer the same debt rights for the same nominal value.

The issue of batch bonds must be authorised by law. Any issue made in breach of the provisions of this article shall be null and void. Without prejudice to liability claims against corporate officers, the public prosecutor and any interested party may bring an action for nullity.

Any act which interrupts the limitation period for interest in respect of one of the holders of bonds issued in France by any private or public body, commercial or civil company, whether French or foreign, benefits the other bondholders of the same loan. The same act also interrupts the limitation period for taxes and duties that may be due to the Treasury on the interest referred to in the first…

A final court decision in favour of one of the holders of bonds issued in France by any private or public body, or by any commercial or civil company, whether French or foreign, and concerning the joint rights of the bondholders, may be enforceable in favour of any bondholder who was not a party to the proceedings by an order of the president of the court in whose district the…

I. – Subject to the provisions of III, the contract for the issue of bonds whose nominal value on issue is at least equal to an amount set by decree of the Conseil d’Etat may provide that all or some of the legislative and regulatory provisions relating to the bondholders’ group, the representatives of the group and the general meetings of bondholders do not apply to them. In this case,…