Article L313-22-1 of the French Monetary and Financial Code
November 8, 2023
Credit institutions or finance companies which have provided a surety, endorsement or guarantee, whether of legal, regulatory or contractual origin, have recourse ipso jure and in all cases against the customer who gave the undertaking, his co-obligors and the persons who have stood surety and, for payments made under their undertaking, subrogation in the rights of the creditor as provided for in article 1346 of the Civil Code.
