French Insurance Code
In forcePursuant to the provisions of 9° bis of article R. 332-2, companies are authorised to hold the units or shares of companies whose object is strictly real estate, with the exception of companies whose activity is that of a property trader and general partnerships, unless exemptions were granted prior to the entry into force of
decree no. 90-981 of 5 November 1990. The assets of these companies may only consist of built buildings or land located in the territory of one of the Member States of the OECD, or shares in companies meeting the same conditions.
Companies are also authorised to hold the shares of non-trading companies whose activity is limited to the direct management of real estate assets located on the territory of one of the Member States of the OECD, or the shares of groups whose sole activity is the management of real estate assets meeting the same conditions. The assets making up the estate must be managed. The forest areas must be insured against fire.
