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nantissement des parts

English translation: pledging of shares

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
French term or phrase:nantissement des parts
English translation:pledging of shares
Entered by: Paula Price
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09:22 Dec 4, 2003
French to English translations [PRO]
Law/Patents
French term or phrase: nantissement des parts
Nantissement des parts

Si la société a donné son consentement à un projet de nantissement de parts sociales, ce consentement emportera l'agrément du cessionnaire en cas de réalisation forcée des parts nanties, selon ces conditions de l'article 2078 du Code civil, à moins que la société ne préfère, après la cession, acquérir les parts sans délai en vue de réduire son capital.
Paula Price
Local time: 16:59
1. charging 2. pledge or 3. mortgage of shares
Explanation:
In my order of pref. Standard UK co. law textbooks have a section on 'mortgage' of shares, mortgage not being only of land but a 'chattel' mortgage.
Assignment of shares has oddly been accepted on ProZ.Com before, but is valid only if refers to the obscure point of assignment of the underlying 'chose-in-action' that the share is.
Selected response from:

xxxKirstyMacC
Local time: 16:59
Grading comment
Thanks a lot!
4 KudoZ points were awarded for this answer

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Summary of answers provided
4 +51. charging 2. pledge or 3. mortgage of sharesxxxKirstyMacC


  

Answers


14 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +5
1. charging 2. pledge or 3. mortgage of shares


Explanation:
In my order of pref. Standard UK co. law textbooks have a section on 'mortgage' of shares, mortgage not being only of land but a 'chattel' mortgage.
Assignment of shares has oddly been accepted on ProZ.Com before, but is valid only if refers to the obscure point of assignment of the underlying 'chose-in-action' that the share is.

xxxKirstyMacC
Local time: 16:59
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 804
Grading comment
Thanks a lot!

Peer comments on this answer (and responses from the answerer)
agree  DesposEl: pledge
52 mins

agree  lenkl: Ditto: pledge
4 hrs

agree  NatalieD: pledge
6 hrs

agree  Abdellatif Bouhid: pledge / offer, place as collateral
7 hrs

agree  Maureen Holm, J.D., LL.M.: pledge [or assignment as indicated]
3 days 22 hrs
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