SECTION 53

For the purposes of registration, the creditor, surety agent, settlor or where necessary the public accountant shall present to the Trade and Personal Property Rights Registry or to the competent official in the State Party a registration form carrying the following information: a) name, first name, company name, address or head office and where necessary, e-mail address and registration number or declaration of activities, of the creditor or of the surety agent, the debtor of the secured financial claim and of the settlor if he is not the debtor; b) the nature and the date of the deed giving rise to the security; c) where necessary, the duration of the registration as agreed by the parties; d) the maximum amount of the secured debt including the principal, interest and other accessories, the date due and the existence of a forfeiture agreement. For future debts, the form shall make mention of elements leading to the determination of the said debts; e) where necessary, the option for the settlor to dispose the fungible assets encumbered by securities under conditions laid down in article 102 of this Uniform Act; f) the designation of the encumbered asset with indication of the elements leading to its identification, notably the nature of the asset, its location, and where necessary, its make or serial number, or, where it concerns a group of future or actual assets, their nature, quality, quantity or value. Where the object of the security is a debt or a series of actual or future debts, the designation of the encumbered asset or assets shall indicate the elements naturally leading to the identification of the said debt or debts such as, the indication as to the debtor, the place of settlement, the amount of the debts or their valuation and date of settlement. In the case of a pledge of partnership rights and transferable securities of a trading company and those which are transferable from any other legal person, the form shall in addition to the afore mentioned information, contain the registration number of the firm whose partnership rights and transferable securities are pledged. In the case of a pledge or sale of business property, the form for the registration of the pledge or the privilege of the vendor, shall also include the registration number or the declaration of activities of the natural or legal person owning and running the business for which the registration of the pledge or privilege of the vendor is required.