Article R712-34 of the French Commercial code
The granting by a network institution of the guarantees mentioned in 3° of article R. 712-7 is subject to the following rules: 1° The granting of guarantees means the granting of loan guarantees or sureties granted to natural or legal persons under private or public law; 2° Transmission of the resolution adopting a proposal to grant a guarantee to a third party is accompanied by documents and information specifying the…