Subject to the provisions of this section, the savings and provident institutions are cooperative societies, subject to the provisions of law no. 47-1775 of 10 September 1947 on the status of the cooperative society and of book II of the French Commercial Code.
The caisses d’épargne et de prévoyance are credit institutions and may, notwithstanding the provisions of article 3 of law no. 47-1775 of 10 September 1947 on the status of cooperation, carry out all banking transactions.
The shares of the savings and provident institutions may only be held by the local savings companies. The Articles of Association of the savings and provident institutions and of the local savings companies provide that, in the event of a bank resolution or court-ordered liquidation of a savings and provident institution, the net proceeds of share subscriptions available on the members’ current accounts held by the local savings companies are…
The Caisses d’Epargne et de Prévoyance are managed by an Executive Board under the supervision of a Supervisory Board. The latter is known as the Guidance and Supervisory Board. The Guidance and Supervisory Board has seventeen members. It comprises, in accordance with the conditions laid down in the Articles of Association: 1. Members elected directly by the employee members of the Caisse d’Epargne et de Prévoyance; 2. Members directly elected…
The local savings companies are cooperative companies, subject to the provisions of law no. 47-1775 of 10 September 1947 on the status of cooperation, subject to the provisions of this section. They contribute to the development of the general policies of the savings and provident institution to which they are affiliated. Their purpose is also, within the framework of these general guidelines, to encourage the widest possible ownership of the…
The following may be members of a local savings company: public inter-municipal cooperation bodies with their own tax status and, under the conditions set out in the Articles of Association, natural persons or legal entities that have entered into one of the transactions provided for in Articles L. 311-1, L. 311-2, L. 511-2 and L. 511-3, the employees of this savings and provident institution, the local authorities and, under the…
The Fédération nationale des caisses d’épargne et de prévoyance is constituted in accordance with the provisions of the law of 1 July 1901 relating to the contract of association. It brings together all the caisses d’épargne et de prévoyance represented by three members of their Orientation and Supervisory Board, including the Chairman, and by two members of their Management Board, including the Chairman. The Fédération nationale des caisses d’épargne et…
Bodies not falling within the scope of this section are prohibited from using any of the following names: “Caisse d’épargne et de prévoyance”, “caisse d’épargne”, “société locale d’épargne”.
It is also forbidden to use any process, counterfeit booklets, prospectuses, posters or other means likely to create confusion with the savings banks and to mislead as to the nature of the transactions carried out.
A decree in the Conseil d’Etat shall specify the terms and conditions for the application of this section.
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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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