#2011-134Decree No. 2011-134 of February 1, 2011, on the Agency for the Management and Recovery of Seized and Confiscated Assets
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This law creates an agency responsible for managing and recovering seized and confiscated assets in France. It establishes a board of directors with members from various government departments and qualified professionals. The agency handles asset seizures, their management, and subsequent decisions related to their disposition, affecting law enforcement and financial institutions managing these assets.
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Key Changes
- Creation of an agency for managing seized assets
- Establishment of a board of directors with government and expert members
- Definition of procedures for asset management and disposition
Obligations
What this law requires
The president must provide the Board agenda to members at least 10 days before each meeting
The Agency's Board of Directors must meet at least twice per year, convened by its president
The Agency's Board of Directors must meet at least twice per year, convened by its president
Notice of Board meeting agenda must be provided to members at least 10 days before the meeting
Board of Directors must achieve at least 50% quorum (half of members or their representatives present) to validly deliberate