When the number of members of an agreement, including non-contributors and retirees, is or becomes less than 1,000 after the expiry of the period provided for in Article R. 441-15, the agreement is converted.
The conversion of the agreement entails, within a period of one year, the transformation of the operations subject to conversion into life annuity operations covered, in full and at all times, by mathematical provisions. The share of the reserves attributable to each member in the conversion of the operations in question determines the benefit provided by the substitute insurance operation. This distribution and the amount of the benefits of the…
In the event of conversion of an agreement under the conditions mentioned in articles R. 441-24 or R. 441-26, the assets representing the technical provisions mentioned in 1° and 3° of article R. 441-7 and half of the assets representing the technical provisions mentioned in 2° of the same article are divided between the beneficiaries of this agreement.
When, in application of the last paragraph of II of article L. 441-10 , a member’s rights are converted into an immediate or deferred life annuity expressed in euros and managed outside the auxiliary allocation accounts set up for the agreement concerned : 1° The amount of this annuity is calculated on the basis of the number of points acquired on the date on which the changes come into force…
Guarantees relating to the risks mentioned in article L. 432-2 are granted by decision of the Minister for the Economy, taken after consultation with the Commission for Guarantees and Foreign Trade Credit mentioned in article L. 432-3, except in the cases provided for in the second paragraph of article R. 442-7-2. The body referred to in article L. 432-2 issues insurance policies covering the risks referred to in the same…
The guarantees referred to in I of Article 84 of the Amending Finance Act 2012-1510 of 29 December 2012 are issued to finance transactions carried out by public administrations or public or private sector companies. The Minister for the Economy, after consulting the Commission for Guarantees and Foreign Trade Credit, shall define the conditions for granting these guarantees, the procedures for implementing them and, where applicable, for transferring their benefit…
The representative of the Minister for the Economy referred to in article L. 432-4-1 is appointed by order of that Minister.
The representative of the Minister for the Economy referred to in Article L. 432-4-1 may object to the decisions of the Chief Executive Officer of the body referred to in Article L. 432-2 in the following cases: a) When they are likely to substantially modify the body’s relations with the State or with the beneficiaries mentioned in article L. 432-1 ; b) When they are likely to compromise the performance…
The representative of the Minister for the Economy shall ensure that the body has the necessary resources to carry out its mission.
The Managing Director of the body referred to in article L. 432-2 is appointed by order of the Minister for the Economy. He/she is appointed for a renewable term of 36 months.
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.
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
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
Resources
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
Useful links
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call +33 (0) 1 84 88 31 00 or send us an email.
All information exchanged through this website will be communicated to lawyers registered with a French Bar and will remain confidential.
