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Article R7123-27 of the French Labour Code

The guarantee provided for in article L. 7123-20 may only be given by a collective guarantee body, an insurance company, a bank or a financial institution authorised to give guarantees where this body, company, bank or institution may legally carry on its business in France.

Original in French 🇫🇷
Article R7123-27


L’engagement de caution prévu à l’article L. 7123-20 ne peut être pris par un organisme de garantie collective, une entreprise d’assurances, une banque ou un établissement financier habilité à donner caution que lorsque cet organisme, entreprise, banque ou établissement peut légalement exercer son activité en France.

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