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Showing 6041–6050 of 60189 articles for “Art. L 111-3 to L 111-11”
The holder of an endorseable cheque is deemed to be a rightful bearer if he proves his right by an uninterrupted series of endorsements, even if the last endorsement is blank. Crossed-out endorsements…
An endorsement on a bearer cheque makes the endorser liable under the provisions governing recourse; moreover, it does not convert the instrument into a promissory cheque.
A cheque made payable to a named person with or without an express "to order" clause is transferable by endorsement. A cheque payable to a named person with a "not to order" clause or an equivalent cl…
The endorsement may also be made for the benefit of the drawer or any other obligor. These persons may endorse the cheque again.
Endorsement transfers all rights arising from the cheque, in particular ownership of the funds. If the endorsement is blank, the bearer may: 1. fill in the blank, either with his or her name or with t…
An endorsement made after the protest or after the expiry of the time limit for presentation only produces the effects of an ordinary assignment. In the absence of proof to the contrary, an undated en…
The endorsement must be pure and simple. Any condition to which it is subject is deemed unwritten. Partial endorsement is null and void. The endorsement of the drawee is also null and void. A bearer e…
A repurchase agreement is a transaction whereby a legal entity, a unit trust, a real estate investment trust, a professional real estate investment trust, a specialised financing fund or a securitisat…
The repurchase agreement relates to financial securities which are not likely to be the subject, throughout the duration of the transaction, of :1. The detachment of a dividend entitlement, giving ent…
The repurchase agreement becomes enforceable against third parties as soon as the financial securities are delivered, the terms of which are set by decree.
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