SECTION 40

The receiver shall have eight (08) days to rule on petitions, disputes and claims falling within his purview from the filing date. If the receiver fails to rule within such period, he shall be deemed to have rejected the petition. The receiver’s decisions shall be immediately delivered to the court registrar, who shall communicate them, without delay, to the president of the competent court and notify them by hand-delivered letter against a receipt, by registered mail against acknowledgement of receipt or by any means proving receipt in writing to all individuals who may be affected by such decisions. These decisions may be subject to opposition expressed in a simple statement filed with the registry of the competent court within eight (08) days of their delivery or of their notification or following the time limit set in the first paragraph of this Article. Within this timeline,the competent court may take action ex officio to amend or cancel such decisions. The competent court shall rule at the first useful hearing.