Subsection 2: Storage receipts

A warehousing receipt may only be issued in representation of raw materials included on a list drawn up by order of the Minister responsible for the economy and which may be the subject of a contract traded on a financial instruments trading platform. This storage receipt may not be admitted to trading on a multilateral system defined in articles L. 421-1, L. 424-1 or L. 425-1 of the Monetary and…

The storage receipt takes the form of an entry in a register kept by the manager of the platform mentioned in the first paragraph of Article L. 522-37-1 and under its responsibility. This entry specifies the name, profession and address of the holder of the receipt as well as the nature of the goods deposited and the information needed to establish their identity and determine their replacement value. The transfer…

Fungible goods represented by a storage receipt may be replaced by goods of the same nature, kind and quality. A storage receipt may be issued representing a batch of fungible goods to be taken from a larger batch. The general shop operator may not use or dispose of goods represented by a storage receipt on his own account, except with the prior agreement of the owner of the goods. The…

The pledge of goods represented by a warehousing receipt constituted by the holder of this title is established with regard to third parties as well as with regard to the contracting parties by its entry in the register mentioned in the first paragraph of Article L. 522-37-2 under the conditions laid down by decree in the Conseil d’Etat. No security other than the pledge created pursuant to the first paragraph…