Article R712-7 of the French Commercial code
The deliberations relating to the acts mentioned below are enforceable as soon as they have been approved by the supervisory authority: 1° The initial budget, amending budgets and the implemented budget, under the conditions provided for in Article R. 712-16 ; 2° The use of loans, property leasing and bond issues, under the conditions provided for in Section 3; 3° The granting of guarantees to third parties, under the conditions…