Any creditor who holds a special lien shall have a right of preference over any asset legally transferred to him as a base which he shall exercise upon distraint in conformity with the measures provided for in article 226 below.
As long as the insured amount of the asset is unpaid the right of preference may also be exercised by subrogation of that amount where the asset has perished or disappeared.
Official translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 43
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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