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Article R4211-7 of the French General Code of Local Authorities

November 4, 2023

Prior to its deliberation, the regional council shall refer the matter to the Commission des participations et des transferts provided for in Article 25 of Ordinance no. 2014-948 of 20 August 2014 relating to the governance and capital transactions of companies with public shareholdings if one of the following conditions is met: 1° The company in which the equity investment is contemplated has sales of more than seventy-five million euros…

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Article R4211-8 of the French General Code of Local Authorities

November 4, 2023

The Regional Council decides on any sale of shares in a commercial company that it holds in the light of a report drawn up, at the time of the sale, by one or more experts chosen from persons offering every guarantee of independence, good repute, competence in the valuation of companies and company shares and knowledge of the business sector concerned and the local market. This report includes in particular:…

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Article R4221-4 of the French General Code of Local Authorities

November 4, 2023

When the price of acquisitions of real estate, real property rights or businesses made under the rules of ordinary law by the regions and their public establishments gives rise to reinvestment in real estate, the public accountants remit the funds to the notary who draws up the deed transferring the real estate acquired in reinvestment. The funds are remitted at the request of the seller and on production of a…

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Article R4221-5 of the French General Code of Local Authorities

November 4, 2023

When the price of one of the acquisitions mentioned in Article R. 4221-4 gives rise to reinvestment in securities, the public accountants shall remit the funds to the investment service provider other than a portfolio management company designated by the seller, by contract or by judicial authority, to carry out the purchase and apply for registration of the securities acquired in reinvestment. The funds are remitted on production of a…

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Article R4221-6 of the French General Code of Local Authorities

November 4, 2023

For real estate acquisitions made in administrative form by the regions and their public establishments, a deposit may be paid to the seller, as soon as the time limits open for taking registrations with retroactive effect have expired, up to a maximum of three quarters of the difference between the stipulated price and that of the charges and accessories. This deposit is paid after authorisation by the authority empowered to…

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Article R4221-7 of the French General Code of Local Authorities

November 4, 2023

The price of real estate acquisitions made out of court in accordance with the rules of civil law on behalf of the regions and their public establishments may be paid to the vendor, after publication of the deed in the real estate register, without completion of the formalities for the purging of registered mortgages when it does not exceed an amount set by order of the minister responsible for the…

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Article R4221-8 of the French General Code of Local Authorities

November 4, 2023

Any notary appointed as custodian of a will containing a legacy in favour of a region or a regional public establishment shall be required, as soon as the will is opened, to send the president of the regional council or the representative of the legatee establishment a full copy of the testamentary provisions. The copy shall be written on plain paper and a receipt shall be issued for the documents…

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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396

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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396

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