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← Distinguish pure registered securities systems from administered registered securities systems
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Under Article L.211-3 of the Code monétaire et financier, transferable securities issued by joint-stock companies may...

Under Article L.211-3 of the Code monétaire et financier, transferable securities issued by joint-stock companies may take the form of:

Bearer securities and registered securities
Bearer securities and administered securities
Direct registered securities and bearer securities
Administered securities and bearer securities