Subsection 4: Pledging of securities accounts and securities

The declaration of pledge of a securities account held by an intermediary referred to in Article L. 211-3, a central depository or, where applicable, the issuer or the declaration of pledge of financial securities registered in a shared electronic recording device must be dated and contain : 1° The name “Declaration of pledge of a financial securities account” or “Declaration of pledge of financial securities registered in a shared electronic…

The formal notice provided for in V of article L. 211-20 shall contain the following information, failing which it shall be null and void: 1° If payment is not made, the creditor may realise the pledge within eight days or on expiry of any other period previously agreed with the pledgor; 2° The pledgor may, until the expiry of the aforementioned period, inform the account keeper or the manager of…

Within the limit of the amount of the secured debt and, where applicable, in accordance with the order indicated by the pledgor, the pledge of the pledged account or securities provided for in IV and V of article L. 211-20 is realised: 1° For sums in any currency, directly by transfer of full ownership to the pledgee; 2° For French or foreign financial securities admitted to trading on a trading…

Where the secured creditor has authorised the pledgor to dispose of the financial securities and sums in any currency which are the subject of the pledge, the pledgor and the secured creditor shall inform the account keeper or the manager of the computerised identification process in writing of the terms of this arrangement. The account keeper or the manager of the computerised identification process may not deviate from the instructions…

The provisions of articles D. 211-10 to D. 211-13 do not apply to pledges of shares in non-trading property investment companies or shares in forestry savings companies, which remain subject to the provisions of articles 1866 to 1868 of the Civil Code.