Under pain of nullity the deed appointing the surety agent shall include:
1°) the secured debt or debts, or where they are prospective, information to enable their identification such as details relating to the identity of the debtor, place of payment, the amount of the debt or its valuation and its maturity date;
2°) the identity of the creditor or creditors on the day the agent was appointed;
3°) the identity and head office of the agent;
4°) the duration of his mission, the scope of his powers of administration and degree of availability;
5°) the conditions under which the agent gives account of his mission to the creditor or creditors of the secured debt or debts.
Official translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 8
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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