French Commercial code
In forceIn the event of the sale of an asset referred to in the first paragraph of Article L. 622-8, the share of the price shall be remitted to the administrator or, failing that, to the judicial representative for payment to the Caisse des dépôts et consignations. The funds are unavailable during the observation period.
However, provisional payments may be made under the conditions defined in the second paragraph of article L. 622-8. On the advice of the debtor and the administrator if one has been appointed or, failing this, the judicial representative, the official receiver hearing an application from one of the creditors shall decide on the basis of the claim declaration, the documents supporting the claim declaration and, where applicable, the guarantee provided for in the same article. The advance is allocated up to an amount that cannot be seriously contested based on these elements and the ranking of the claim.
On order of the juge-commissaire, funds unduly paid are returned on first request of the authorised judicial representative.
