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Article L512-43 of the French Monetary and Financial Code

In the event of the dissolution of regional mutual agricultural credit associations that have received advances from the central body of agricultural credit, the remaining assets are, after payment of the company’s debts and reimbursement of the capital actually paid in, placed on deposit, without interest, with the central body of agricultural credit, until the amount can be made available, as and when required, to any regional mutual agricultural credit…

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Article L512-45 of the French Monetary and Financial Code

Deposits received by the local mutuals affiliated to a regional mutual credit union must be transferred immediately to the regional mutual which manages them. Where a regional mutual has a surplus of deposits, this surplus must be deposited with the central body of Crédit Agricole.

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