Section 3: Lapse of sums held in an automatic account

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123-8123-9

Article 123-8

French Cinema and Moving Image CodeIn force
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Updated 8 Nov 2023

The sums entered in an automatic account must be invested by the account holder within one of the time limits set as follows for each category of aid concerned:
1° In the case of automatic financial support for the production of feature films, within five years of 1 January of the year following the year in which the sums entered in the account were calculated;
2° In the case of automatic financial support for the distribution of feature films, within four years of 1 January of the year following the year in which the sums entered in the account were calculated;
3° With regard to automatic financial aid for the creation and modernisation of cinematographic establishments, within ten years from 1st January of the year following the year during which the sums entered in the automatic account or in the automatic accounts grouped into circuits were calculated;
4° In the case of automatic financial assistance for the production of audiovisual works, within two years of 1 January of the year following the year in which notification was given of their entry in the account;
5° In the case of automatic financial assistance for video publishing, within five years of 1 January of the year following the year in which the sums entered in the account were calculated;
6° With regard to automatic financial aid for online distribution, within three years from 1st January of the year following the year during which the sums entered in the account were calculated;
7° With regard to automatic financial aid for the promotion of cinematographic works abroad, within three years from 1st January of the year following the year during which the sums entered in the account were calculated.

Mariela Petrova

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Mariela Petrova

Mariela Petrova

Avocate au Barreau de Paris

Toque #C2396

15+ Years In Corporate Practice

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Communications protected by professional secrecy — secret professionnel de l'avocat, Article 66-5 of the Law of 31 December 1971.

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