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Article L214-75 of the French Monetary and Financial Code

The management company is liable to third parties or unitholders either for breaches of the legislative or regulatory provisions applicable to real estate investment funds, or for breaches of the fund rules, or for its own misconduct.

Original in French 🇫🇷
Article L214-75

La société de gestion est responsable envers les tiers ou les porteurs de parts soit des infractions aux dispositions législatives ou réglementaires applicables aux fonds de placement immobilier soit de la violation du règlement du fonds, soit de ses fautes.

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