Subject to legal or regulatory provisions specific to the business, suretyships, endorsements and
guarantees subscribed by the cooperative with a board of directors for commitments made by
third parties shall be subject to prior authorization of the board of directors.
When the cooperative with a board of directors carries on the business of a bank or financial
institution, or operates mainly in the field of savings and credit, this restriction shall not apply
to current operations concluded under normal conditions.
P. 88 of 110
Paragraph 4: Prohibited agreements
Unofficial translation
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In force from 8 September 2026
Source page 87