French Commercial code
In forceThe purpose of a fund with legal personality and managed by the contributors is to guarantee the reimbursement of funds, effects or values received or managed by each court-appointed administrator and each court-appointed agent registered on the lists, in connection with the operations for which they are responsible by virtue of their duties. Two magistrates from the public prosecutor's office are appointed to act as Government commissioners for the fund, one as a full member and the other as a deputy.
Membership of this fund is compulsory for each judicial administrator and each judicial representative registered on the lists, with the exception of judicial administrators and judicial representatives exercising their profession as employees.
The resources of the fund are made up of the proceeds of a special annual contribution paid by each judicial administrator and by each judicial representative registered on the lists.
The contributions paid by judicial administrators and by judicial representatives are allocated to cover only judicial administrators and judicial representatives registered on the lists.
In the event that the fund's resources prove insufficient to meet its obligations, it shall call for additional funds from professionals registered on the lists.
The fund's guarantee shall apply without creditors being able to invoke the benefit of discussion provided for in Article 2305 of the Civil Code and solely on proof that the claim is due and that the funds have not been represented by the court-appointed administrator or court-appointed agent registered on the lists.
The caisse is required to insure itself against the risks resulting for it from the application of this code.
Appeals against the decisions of the caisse are brought before the Paris judicial court.
