Article L214-85 of the French Monetary and Financial Code
November 8, 2023
I. – An undertaking for collective real estate investment may have several sub-funds if the regulations of the real estate investment fund or the articles of association of the société de placement à prépondérance immobilière à capital variable so provide. Each sub-fund gives rise to the issue of one or more classes of units or shares representing the assets of the undertaking for collective real estate investment allocated to it….
