French Commercial code
In forceAcceptance by intervention may take place in all cases where recourse is open before maturity to the bearer of an acceptable bill of exchange.
Where a person has been indicated on the bill of exchange to accept it or pay it if necessary in lieu of payment, the bearer may not exercise his rights of recourse before maturity against the person who affixed the indication and against subsequent signatories unless he has presented the bill of exchange to the designated person and, the latter having refused acceptance, this refusal has been recorded by a protest.
In other cases of intervention, the bearer may refuse acceptance by intervention.
However, if he admits it, he loses the remedies which belong to him before maturity against the person for whom acceptance was given and against subsequent signatories.
Acceptance by intervention is mentioned on the bill of exchange; it is signed by the intervening party. It indicates on whose behalf it is made; failing this indication, the acceptance is deemed to be given for the drawer.
The acceptor by intervention is obliged to the bearer and to endorsers subsequent to the one on whose behalf he has intervened, in the same manner as the latter.
Despite acceptance by intervention, the party on whose behalf it was made and its guarantors may require the bearer, against repayment of the sum indicated in Article L. 511-45, to surrender the bill of exchange, the protest and an acquitted account, if applicable.
