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Article L531-2 of the French Code of civil enforcement procedures

Assets subject to a court-ordered security interest may still be disposed of. The price is paid and distributed in accordance with the conditions laid down by decree of the Conseil d’Etat. However, in the event of the sale of securities registered in an account held and managed by an authorised intermediary, the price may be used to acquire other securities which are then subrogated to the securities sold.

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