On pain of nullity, the agreement by which the creditors appoint the security agent must be evidenced by a writing that mentions his capacity, the purpose and duration of his assignment and the extent of his powers.
Home | French Legislation Articles | French Civil Code | Book IV: Securities | Title III: Security agents | Article 2488-7 of the French Civil Code
On pain of nullity, the agreement by which the creditors appoint the security agent must be evidenced by a writing that mentions his capacity, the purpose and duration of his assignment and the extent of his powers.
A peine de nullité, la convention par laquelle les créanciers désignent l’agent des sûretés doit être constatée par un écrit qui mentionne sa qualité, l’objet et la durée de sa mission ainsi que l’étendue de ses pouvoirs.
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PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
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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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