French Business Law - French Legislation

Article R214-150 of the French Monetary and Financial Code

November 6, 2023

Any shareholder, with or without the assistance of a person of his choice, may at any time inspect the following documents relating to the last three financial years, either personally or through a representative, at the registered office: balance sheets, income statements, notes, inventories, reports submitted to the General Meetings, attendance sheets and minutes of the General Meetings, total remuneration for the management, direction and administration of the company and,…

Article R214-151 of the French Monetary and Financial Code

November 6, 2023

The inventory and the annual accounts are made available to the statutory auditors within one month of the end of the financial year. The management report shall be made available to them within forty-five days of the end of the financial year. No later than one month after receiving the management report or, where applicable, the annual financial statements amended following their observations, the statutory auditors shall file their report…

Article R214-152 of the French Monetary and Financial Code

November 6, 2023

No later than one month before the date of the first General Meeting called to vote on the transaction, a notice of the proposed merger is published in the Bulletin des annonces légales obligatoires and filed with the clerk of the Commercial Court at the registered office of the companies concerned.

Article R214-153 of the French Monetary and Financial Code

November 6, 2023

The draft terms of merger and the auditors’ report on the terms and conditions of the transaction are attached to the notice of meeting sent to shareholders at least fifteen days before the date of the General Meeting called to vote on the transaction.

Article R214-154 of the French Monetary and Financial Code

November 6, 2023

A shareholder who is not entitled to a whole number of shares on the basis of the exchange ratio may obtain a fractional share refund or pay in cash the additional amount required to allocate a share. These reimbursements or payments are neither reduced nor increased by redemption or subscription fees and commissions.

Article R214-155 of the French Monetary and Financial Code

November 6, 2023

I. – The properties referred to in articles L. 214-114 and L. 214-115 eligible for inclusion in the assets of a société civile de placement immobilier are : 1° Buildings let or offered for letting on the date of their acquisition by the company or by any legal entity that has entered into a usufruct agreement in accordance with Chapter III of Title V of Book II of the French…

Article R214-155-1 of the French Monetary and Financial Code

November 6, 2023

The rights in rem referred to in 1° of I of article L. 214-36 are : 1° Ownership, bare ownership and usufruct ; 2° emphyteusis ; 3° easements; 4° The rights of the lessee under a construction lease or a rehabilitation lease; 5° Any real right conferred by a title or by an emphyteutic lease by reason of the occupation of a public domain property belonging to the State, a…

Article R214-156 of the French Monetary and Financial Code

November 6, 2023

I. – direct or indirect holdings in the companies referred to in 2° of the I of article L. 214-115 may represent up to 100% of the assets of a société civile de placement immobilier, if the following three conditions are met: 1° These companies draw up annual accounts and interim accounts at least every six months; 2° The properties and real rights held by these companies meet the conditions…

Article R214-156-1 of the French Monetary and Financial Code

November 6, 2023

I.-The financial futures instruments referred to in 6° of the I of article L. 214-115 are those referred to in 1 of the I of article D. 211-1 A. II.-A société civile de placement immobilier may enter into contracts constituting the financial futures instruments mentioned in I, with a view to protecting its assets, under the conditions defined in article R. 214-156-2 and the following additional conditions: 1° The contracts…

Article R214-156-2 of the French Monetary and Financial Code

November 6, 2023

I.-The counterparty risk on a single counterparty is the risk that the counterparty will default on one of its obligations, resulting in a financial loss for the société civile de placement immobilier. The amount of this risk is equal to the market value of the contracts less any guarantees provided to the société civile de placement immobilier. II-The exposure of a non-trading property investment company to counterparty risk on a…

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French Monetary and Financial Code

Article R214-150 of the French Monetary and Financial Code

Article R214-151 of the French Monetary and Financial Code

Article R214-152 of the French Monetary and Financial Code

Article R214-153 of the French Monetary and Financial Code

Article R214-154 of the French Monetary and Financial Code

Article R214-155 of the French Monetary and Financial Code

Article R214-155-1 of the French Monetary and Financial Code

Article R214-156 of the French Monetary and Financial Code

Article R214-156-1 of the French Monetary and Financial Code

Article R214-156-2 of the French Monetary and Financial Code

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French Monetary and Financial Code

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