Under pain of nullity the notice referred to the article above shall contain the following
information:
1) “Failing to pay, the security may be liquidated by the creditor within eight days or at
the expiration of the time limit agreed beforehand with the holder of the secured
account.”
2) The holder of the pledged account may, up to the expiration of the time limit
mentioned above, make known to the keeper of the account the order in which sums
of money or any financial bond shall be given in full ownership or sold according to
the creditor’s choice”.
Official translation
Spot-checked
In force from 15 December 2010
Source page 37