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- GR into force since 01/01/2026
- Article 422-231
General regulation of the AMF
Article 422-231 into force since
- Version into force since
ELI : /en/eli/fr/aai/amf/rg/article/422-231/20240329/notes
Article 422-231
The creation and endowment of a unit redemption fund intended to contribute to the fluidity of the unit market shall be decided upon by the general meeting of shareholders of the real estate investment company (SCPI), which shall set the limits and criteria for use thereof and shall delegate to the investment management company the recovery of the sums available.
The monies assigned to this fund shall be taken from income from transfer of rental assets or profits allocated at the time of ratification of the annual accounts.
Cash and cash equivalents assigned to the redemption fund shall be assigned solely to repayment of the shareholders.
Legal information:
Head of publications: The Executive Director of AMF Communication Directorate. Contact: Communication Directorate – Autorité des marches financiers 17 place de la Bourse – 75082 Paris cedex 02
Head of publications: The Executive Director of AMF Communication Directorate. Contact: Communication Directorate – Autorité des marches financiers 17 place de la Bourse – 75082 Paris cedex 02