Monaco succession crisis of 1918 of this event, pursuant to the clauses of the treaty of 17 July 1918." The French government at the time was still the Vichy regime. Louis II died on 9 May 1949. The Principality of Monaco passed to his grandson, Rainier III. In the absence of an heir male, the ducal titles of Valentinois and Estouteville became extinct in French nobiliary law. Before Rainier III married Grace Kelly in April 1956, he notified the French government of his plans; the French ministry of foreign affairs replied with a message of official congratulations. Count Louis de Causans is suing the French
Rainier III, Prince of Monaco Onassis, who took control of the Société des Bains de Mer (SBM) and envisioned Monaco as solely a gambling resort. Prince Rainier regained control of SBM in 1964, effectively ensuring that his vision of Monaco would be implemented. In addition, the Societé Monégasque de Banques et de Métaux Précieux, a bank which held a significant amount of Monaco's capital, was bankrupted by its investments in a media company in 1955, leading to the resignation of Monaco's cabinet. As Prince of Monaco, Rainier was also responsible for the principality's new constitution in 1962 which significantly reduced the power of the sovereign.