Reference decision: cc • N° 97-20.492 • 2000-03-14 • View the decision →
This decision provides important insight into your property law rights. Here is what it changes for you.
The situation
In the event of a change of financial guarantee, funds from operations in progress at the time of termination of the previous guarantee must be transferred to another account of the same nature if they are covered under the new guarantee. A bank cannot oppose the transfer of funds to an account opened with another banking institution by the transferee of the property management business of a company in judicial reorganisation, where such funds are covered by the new financial guarantee taken out by the transferee.
What the law says
This decision confirms the fundamental principles of property law.
Key points
- Strictly comply with statutory time limits for appeals
- Keep all your supporting documents (title deeds, deeds, correspondence)
- Be proactive: preventive advice always costs less than litigation
For an analysis of your situation: 30-minute consultation at €45 with Maître Zakine.
📌 Does this apply to your situation? Maître Cécile Zakine, French real estate lawyer, practises throughout France.
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