SECTION 59

A Vendor of goods who has an agreement or order form accepted by the purchaser bearing an ownership reserve clause may have such clause registered in Trade and Personal Property Rights Register. To that effect, he must file the following at the Registry of the competent court within whose jurisdiction the purchaser of the goods is registered: 1°) a certified copy of the agreement which sets out the clause providing for retention of title; 2°) four copies of a registration form stating: a) the full names, corporate name, residence or registered office of the parties, as well as the registration number of the natural or corporate person who purchased the goods which are the subject of the ownership reserve clause providing for retention of title; b) the nature and date of the filed agreement(s); c) a description of the goods which are the subject of the ownership reserve clause providing for retention of title in order to facilitate their identification; d) the amount of money due on the last day preceding the registration of the clause and, where applicable, the conditions under which the debt shall be due payment; e) the address of service, within the jurisdiction of the court where the Trade and Personal Property Rights Register is kept, of the creditor benefitting from the said clause providing for retention of title.