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Article L518-19 of the French Monetary and Financial Code

Courts and administrative bodies may not authorise or order deposits to be made with natural persons or bodies other than the Caisse des Dépôts et Consignations and may not authorise debtors, custodians or garnishees to hold such deposits in escrow or otherwise. Consignments made in breach of these provisions are null and void.

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Article L518-20 of the French Monetary and Financial Code

The Director General of the Caisse des Dépôts et Consignations may issue, or have issued by the officers of the Caisse des Dépôts et Consignations, fines against any person who, having an obligation to pay sums into the Caisse des Dépôts et Consignations or its officers, is in default of fulfilling his obligations. For the enforcement of the said constraints, the same procedure is followed as for those issued in…

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Article L518-22 of the French Monetary and Financial Code

Amounts received by way of arrears, interest, dividends, redemption or negotiation proceeds and any other proceeds whatsoever from consigned financial securities do not entitle the Caisse des Dépôts et Consignations to any settlement or payment of interest, regardless of the date on which they were received.

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Article L518-23 of the French Monetary and Financial Code

The rate and method of calculation of interest on deposit accounts opened with the Caisse des dépôts et consignations and on sums deposited with the said Caisse are set by decision of the General Manager, taken on the advice of the Supervisory Board and approved by the Minister for the Economy.

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Article L518-24 of the French Monetary and Financial Code

Subject to III of articles L. 312-20 of this Code, L. 132-27-2 of the Insurance Code and L. 223-25-4 of the Mutual Code, sums deposited in any capacity whatsoever with the Caisse des Dépôts et Consignations are acquired by the State when thirty years have elapsed without the account to which these sums have been credited having given rise to a payment or reimbursement transaction, or without the Caisse des…

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Article L518-24-1 of the French Monetary and Financial Code

Caisse des Dépôts et Consignations, within the framework of the missions mentioned in Article L. 518-2, may, after authorisation from the ministers responsible for the economy and the budget and by written agreement, be mandated by the State, its public establishments, public interest groupings and independent public authorities, to collect income or pay expenditure and to act in legal proceedings in the name and on behalf of the principal. The…

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Article L518-25 of the French Monetary and Financial Code

In the fields of banking, finance and insurance, La Poste offers products and services to as many people as possible, in particular the Livret A passbook savings account. To this end, and subject, where applicable, to the activities which it carries out directly pursuant to the texts which govern it, La Poste creates, under the conditions defined by the applicable legislation, any subsidiary having the status of credit institution, finance…

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