SECTION 47

In the case of a sale of the business, the Vendor’s lien may entered in the Trade and Personal Property Rights Register To this effect the vendor shall provide: 1°) the original copy of the sales agreement where it was executed as a private document or, an authentic copy of the deed where the agreement was notarised,; 2°) four copies a registration form specifying: a) the full names, corporate name, residence or registered office of the parties, and, where necessary, the registration number of the natural person corporate person purchasing the business property; b) the nature and date of the documents filed; c) a description of the business to be pledged in order to facilitate its identification; d) the amount of money due on the last day preceding the registration of the preferential rights and, where applicable, the conditions under which the debt shall be due payment; e) the pledgee’s address of service within the jurisdiction of the court where the Trade and Personal Property Rights Register is kept.