The Director implements the decisions of the Board of Directors; he is vested with the powers necessary to ensure, within the framework of these decisions, the management of the Regional Mutual or Association. He represents the Regional Mutual or Association in its dealings with third parties.
If the Board of Directors takes decisions contrary to the specific legislative or regulatory provisions governing Crédit Maritime Mutuel or if it fails to perform its duties, the central body of the savings banks and banques populaires may, without prejudice to the provisions of the last paragraph of I of Article L. 612-34, after unsuccessful formal notice and under the conditions defined by the decree provided for in Article L….
The members meet at least once a year at a General Meeting. Each member has as many votes as shares held, within the limits set by the Articles of Association. Under the conditions and within the limits laid down in the Articles of Association, any individual member may be authorised to represent other members. The Ordinary General Meeting approves the accounts for the past financial year and exercises the powers…
A statutory auditor is elected by the general meeting of each regional caisse or union. He must be chosen in accordance with the provisions of article L. 511-38. The term of office is determined in accordance with articles L. 823-3 and L. 823-3-1 of the Commercial Code. The Statutory Auditor shall be responsible for certifying the accuracy and fairness of the income statement, the profit and loss account and the…
In the event of the dissolution followed by the liquidation of a regional mutual or union, the remaining assets, after payment of the company’s debts and reimbursement of the capital actually paid in, shall be allocated, by decision of the general meeting under conditions determined by the decree provided for in Article L. 512-84, to other maritime mutual credit institutions, to maritime cooperation organisations or to works of maritime social…
The regional banks and credit unions are subject to documentary and on-site inspections by the Inspectorate General of Finance.
A decree of the Conseil d’Etat shall determine the conditions of application of this section, as necessary.
The Caisses d’Epargne network participates in the implementation of the principles of solidarity and the fight against exclusion. In particular, its purpose is to promote and collect savings and to develop provident savings, particularly to meet collective and family needs. It contributes to the protection of popular savings, the financing of social housing, the improvement of local and regional economic development and the fight against banking and financial exclusion of…
The savings bank network comprises the savings and provident institutions, the local savings companies, the Fédération nationale des caisses d’épargne et de prévoyance and the société de participations du réseau des caisses d’épargne.
In order to guarantee the liquidity and solvency of the savings bank network, the central body of the savings banks and banques populaires referred to in Article L. 512-106 has at its disposal the common guarantee and solidarity fund of the savings bank network, which, in the event of use, it may decide to replenish by calling on the savings banks to make the necessary contributions.
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75001, Paris France
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is a Registered Trademark of
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182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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