Where an amount higher than the secured debt is paid to the creditor of the pledged debt, he shall be deemed to hold the surplus as agent of the settlor. Any clause to the contrary shall be void ab initio.
Section 2
Pledge of Bank Account
Official translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 33
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
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