BOOK II: TOURISM ACTIVITIES AND PROFESSIONS.

Any natural or legal person registered in the register referred to in article L. 141-3 must hold a financial guarantee issued by a single guarantor. The financial guarantee extends to activities carried out by secondary establishments such as branches or sales outlets, and to non-profit-making associations or organisations that are members of a federation or union of associations registered in the register and which assume responsibility for them. The sufficient…

The guarantee is given solely on the proof presented by the creditor to the guarantor organisation establishing that the debt is certain and due and that the travel and tourism operator is in default, without the guarantor being able to invoke the benefit of division and discussion against the creditor. The default of the travel and tourism operator may result either from filing for bankruptcy, or from a summons to…

Except in the case of repatriation for which the costs are paid immediately, payment is made by the guarantor within three months of presentation of the written request, accompanied by supporting documents. If the guarantee is terminated before the expiry of this period, the starting date is postponed to the date of publication of the notice provided for in article R. 211-33. However, if the guaranteed person is the subject…

The guarantee ceases when it is executed or for the following reasons: loss of membership of the collective guarantee body or of a group of non-profit-making associations or bodies, or cancellation of the financial guarantee undertaking given by a credit institution, finance company or insurance company; -removal from the register referred to in article L. 141-3. A notice announcing the cessation of the guarantee and specifying that it will cease…

Without prejudice to the possible implementation of the emergency measures provided for in article R. 211-31, claims arising prior to the date of termination of the guarantee remain covered by the guarantor if they are lodged by the creditor within three months of the date of the publications prescribed in article R. 211-33. The guarantor shall make available to the registration commission referred to in article L. 141-2 the content…