Article L228-90 of the French Commercial code
Unless otherwise stipulated in the issue contract, the provisions of articles L. 228-46 to L. 228-69, L. 228-71, L. 228-72, L. 228-76 to L. 228-81 and L. 228-83 to L. 228-89 do not apply to companies whose borrowings are subject to a special legal regime, to borrowings guaranteed by the State, départements, communes or public institutions or to borrowings issued abroad by French companies.