The distribution by the central body of agricultural credit of advances subsidised by the State to the mutual agricultural credit banks is subject to control by the Inspectorate General of Finance.
The “organe central du crédit agricole” shall supervise the operation of all institutions or bodies which have received, pursuant to this section, directly or indirectly, advances, long-term loans and loans from the “caisses de crédit agricole mutuel”.
The caisses de crédit mutuel are subject to the provisions of Law no. 47-1775 of 10 September 1947 on the status of cooperatives and to those of this section. Their exclusive object is mutual credit. They may receive deposits from any natural or legal person and admit third parties who are not members to benefit from their assistance or services under the conditions laid down in their articles of association….
Each caisse de crédit mutuel must belong to a regional federation and each regional federation must belong to the confédération nationale du crédit mutuel, whose articles of association are approved by the minister responsible for the economy. The confédération nationale du crédit mutuel is responsible for : 1. Representing the caisses de crédit mutuel collectively in order to assert their common rights and interests; 2. Exercising administrative, technical and financial…
The provisions of articles L. 512-55 to L. 512-57 are applicable to the caisses de crédit mutuel of Bas-Rhin, Haut-Rhin and Moselle, governed by the local law of 1 May 1889, as amended, on cooperative associations, validated by article 5 of the law of 1 June 1924.
A decree in the Conseil d’Etat shall determine, where necessary, the measures required for the application of this section.
The caisses de Crédit mutuel agricole et rural are governed by the rules set out in section 3, with the exception of the provisions specifically relating to the caisses de Crédit agricole mutuel subject to the provisions of article L. 512-35. Their central body is the Confédération Nationale du Crédit Mutuel. They must belong to the Fédération du Crédit mutuel agricole et rural, which itself belongs to the Confédération nationale…
The sociétés coopératives de banque are fixed-capital companies in the form of unions of cooperatives subject to the provisions of this section and, insofar as they are not contrary thereto, to the provisions of law no. 47-1775 of 10 September 1947 on the status of cooperatives. Without prejudice to the application of the provisions of article 3 bis of law no. 47-1775 of 10 September 1947 on the status of…
Cooperative banks are authorised to increase their capital by capitalising reserves. They are authorised to pay interest on their capital ensuring a return at most equal to the average rate of fixed-rate bonds with a final maturity of more than seven years, whose capital or interest is not indexed, issued or guaranteed by the State, this rate being recorded on the secondary market in Paris by the Caisse des dépôts…
Cooperative banks are credit institutions. They may receive deposits from any natural or legal person. They must grant at least 80% of their loans to their members, their members’ members, cooperative societies, mutual benefit societies or mutual insurance companies or supplementary professional retirement funds constituted in the form of mutual insurance companies governed by the Insurance Code, non-profit associations governed by the law of 1 July 1901 or the local…
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75001, Paris France
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