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Article L513-14 of the French Monetary and Financial Code

When all or part of the remuneration due under a partnership contract or a contract referred to in the first paragraph of Article L. 6148-5 of the Public Health Code in respect of investment costs, which include in particular study and design costs, construction costs and related costs, interim financial costs and financing costs, is assigned pursuant to Article L. 513-13 of this Code, the contract may provide for this…

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Article L513-16 of the French Monetary and Financial Code

The credit institution or finance company responsible for managing the loans, exposures, similar receivables, securities and deposits is authorised to take legal action, both as plaintiff and defendant, and to exercise all means of enforcement in the name and on behalf of the société de crédit foncier.

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Article L513-18 of the French Monetary and Financial Code

The provisions of Article L. 632-2 of the French Commercial Code do not apply to contracts entered into by or with a société de crédit foncier, or to legal acts performed by or for the benefit of a société de crédit foncier, where such contracts or acts relate directly to the transactions provided for in Article L. 513-2.

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Article L513-20 of the French Monetary and Financial Code

Notwithstanding any provisions to the contrary, and in particular Titles II to IV of Book VI of the French Commercial Code, the safeguard, reorganisation or liquidation proceedings of a company holding shares in a société de crédit foncier may not be extended to the société de crédit foncier.

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Article L513-21 of the French Monetary and Financial Code

In the event of the receivership, reorganisation or liquidation of a company responsible for the management or collection, on behalf of a société de crédit foncier, of the loans, exposures, similar receivables, securities and deposits, bonds or other resources provided for in article L. 513-2, the contracts providing for such management or collection may be terminated immediately, notwithstanding any provisions to the contrary and in particular those of titles II…

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Article L513-22 of the French Monetary and Financial Code

The Autorité de contrôle prudentiel et de résolution shall ensure that sociétés de crédit foncier comply with their obligations under this section and shall penalise any breaches observed, in accordance with the conditions set out in Chapter II and Sections 1 and 2 of Chapter III of Title I of Book VI. The Autorité de contrôle prudentiel et de résolution may adopt and implement guidelines as part of its supervision…

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Article L513-23 of the French Monetary and Financial Code

In each “Société de Crédit Foncier”, a Specific Controller and an Alternate Specific Controller chosen from among the persons registered on the list of Statutory Auditors are appointed for a term of four years by the directors of the company, with the approval of the Autorité de Contrôle Prudentiel et de Résolution. The alternate Specific Auditor is called upon to replace the incumbent in the event of refusal, impediment, resignation…

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