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Article L512-83 of the French Monetary and Financial Code

In the event of the dissolution followed by the liquidation of a regional mutual or union, the remaining assets, after payment of the company’s debts and reimbursement of the capital actually paid in, shall be allocated, by decision of the general meeting under conditions determined by the decree provided for in Article L. 512-84, to other maritime mutual credit institutions, to maritime cooperation organisations or to works of maritime social…

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