Section 4: Dormant accounts

I. - Without prejudice to the provisions of the fifth and sixth paragraphs of I of article L. 312-20, deposits and assets held in dormant accounts as referred to in article L. 312-19 are deposited, after closure of the accounts, with the Caisse des dépôts et consignations within three months of expiry of the ten-year, twenty-year or three-year periods provided for respectively in 1° and 2° of I of article L. 312-20.

Deposits and assets denominated in foreign currencies are converted into euros by the institutions mentioned in the first paragraph of I of article L. 312-19 prior to their deposit with the Caisse des dépôts et consignations and deposited with the Caisse des dépôts et consignations, in euros and net of any fees charged to a third party for the conversion.

The proceeds of the liquidation are deposited with the Caisse des dépôts et consignations, net of the fees charged to a third party for carrying out the liquidation operations.

II. - When sums are deposited with the Caisse des dépôts et consignations in application of I of article L. 312-20, the institution provides the Caisse des dépôts et consignations with the following information by electronic means:

1° For the deposit as a whole:

a) The number of accounts concerned by the deposit ;

b) The total sums deposited;

2° For each account concerned by the deposit:

a) The references of the account on which the transferred deposits and assets were registered prior to its closure, or the registration number in the National Identification Register of Natural Persons when it appears on the individual account statements on which deposits and assets are registered in respect of the savings products mentioned in Chapter II of Title II of Book II in accordance with the third paragraph of Article L. 3341-7 of the Labour Code ;

b) The balance of the account from which the deposits and assets have been transferred, or the proceeds from the liquidation of assets in financial instruments referred to in the fifth paragraph of I of article L. 312-20 ;

c) The original currency of the account;

d) For inactive accounts mentioned in 1° of I of Article L. 312-19: the most recent of the three dates mentioned in 1° of I of Article L. 312-20 or, for home savings plans where the holder does not hold any other account within the same credit institution, the date of the last payment.

For inactive accounts mentioned in 2° of I of the same article: the date of death of the account holder;

e) The existence, where applicable, of legal or contractual compensation between different accounts held by the same account holder.

Within five working days of receipt of the aforementioned information and the corresponding sums, Caisse des Dépôts et Consignations will issue the institution with proof of deposit stating the date of deposit, the total amount of sums deposited and the unit amounts transferred per account. The periods of twenty years, twenty-seven years and ten years mentioned in III of article L. 312-20 run from the date of deposit at the Caisse des dépôts et consignations mentioned in the receipt.

III. - At the same time as the deposit is made, the institution also sends Caisse des Dépôts et Consignations, by electronic means, the information it holds that is required for appropriate disclosure of the identity of account holders and for the payment of sums due to the account holder or his/her beneficiaries pursuant to V of Article L. 312-20:

1° If the account holder is a natural person: civil status, last known address and, where applicable, the identity of the legal representative;

2° If the account holder is a legal entity: its name or corporate name, its legal status and its last known registered office;

3° The nature of the account;

4° In the event of legal or contractual offsetting between various accounts held by the same holder: the references, balance and original currency of each of the inactive accounts offset;

5° For the savings products mentioned in Chapter II of Title II of Book II: the name or company name of the employer and the address of its last registered office.

IV. - 1° The institution retains, until the expiry of the deadlines set out in III of article L. 312-20, the following information and documents relating to the taxation system applicable to all sums transferred to the Caisse des dépôts et consignations in respect of accounts considered as inactive within the meaning of 1° of I of article L. 312-19:

a) For the portion of the sums having the nature of income referred to in articles 117 quater and 125 A of the General Tax Code:

- the nature of the income in question ;

- the gross amount of income subject to income tax and, where applicable, the amount of income eligible for the allowance provided for inarticle 158 of the aforementioned code;

- the basis, nature and amount of any taxes levied by the establishment;

b) For the portion of the proceeds of the liquidation provided for in the fifth paragraph of I of Article L. 312-20 that is a net gain :

- the nature of each security sold ;

- the date and price of acquisition of the security, if known to the establishment; and

- the date and price of the sale of the security;

2° The institution shall provide Caisse des Dépôts et Consignations, at its request, with the information and documents mentioned in 1°.