The shareholder current account is a corporate finance
tool that is very popular among shareholders because of its ease of
implementation and its neutrality with regard to the control of the
company.
The so-called PACTE Law No. 2019-486 of May 22, 2019 has
streamlined the terms and conditions governing current account
advances (i) by lifting the requirement under which the
shareholders had to hold at least 5% of the company’s share
capital on the one hand, and (ii) by legally recognizing the
validity of current account advances made by Presidents of
simplified joint stock companies and by general managers and deputy
general managers of joint stock companies and simplified joint
stock companies on the other hand.
