Chapter II: Mutual and cooperative banks

The caisses de crédit agricole mutuel have a lien on the shares forming the share capital for all the obligations of their members towards them.

The duration of the caisses de crédit agricole mutuel is unlimited.

Caisses de crédit agricole mutuel may not carry out any transactions until they have filed with the clerk of the judicial court of their principal place of business, in accordance with the conditions laid down by decree of the Conseil d’Etat, the articles of association and a complete list of the directors or managers and members indicating their name, profession, domicile and the amount of their subscription. The caisse is…

The caisses de crédit agricole mutuel are not required to be registered in the Trade and Companies Register.

The Articles of Association determine the registered office, territorial scope and mode of administration of the Caisses de Crédit Agricole Mutuel. They determine the nature and scope of their operations, the rules to be followed for amending the Articles of Association, the dissolution of the company, the composition of the capital, the proportion in which each member may contribute to the constitution of this capital and the conditions under which…

The caisses locales de crédit agricole mutuel may grant loans to their members.

The purpose of the caisses régionales de crédit agricole mutuel is : 1. to facilitate transactions carried out by members of the local mutual agricultural credit cooperatives in their area and guaranteed by these local cooperatives. However, in the event that there is no local caisse capable of examining applications, the regional caisses may, exceptionally, if they have sufficient guarantees, grant these various loans directly, in particular short-term loans to…

The name “caisse régionale de crédit agricole mutuel” is reserved for regional mutuals receiving advances from the central body of Crédit Agricole and operating under its control.

In order to carry out transactions with a regional caisse de crédit agricole mutuel, a local caisse de crédit agricole mutuel must first be authorised to do so by the central body of Crédit Agricole. It must also be duly affiliated to this regional credit union and have subscribed to at least one share of the latter’s share capital.