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Article R214-161 of the French Monetary and Financial Code

Forest savings companies established pursuant to Article L. 214-121 and their management companies are governed by this sub-paragraph.

This sub-paragraph does not apply to forestry savings companies that devote a portion of their assets to subsidising or guaranteeing loans.

Original in French 🇫🇷
Article R214-161

Les sociétés d’épargne forestière instituées en application de l’article L. 214-121 et leurs sociétés de gestion sont régies par le présent sous-paragraphe.

Le présent sous-paragraphe n’est pas applicable aux sociétés d’épargne forestière qui consacrent une fraction de leur actif à la bonification ou à la garantie de prêts.

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