Where the contract of pledge, irrespective of its terms and conditions, has a set of fungibles as
subject, the creditor may demand that the settlor maintain their value under pain of the pledge
becoming payable before maturity.
The creditor may at any time and at the debtor’s expense obtain from the settlor or the third
party agreed upon a statement of the totality of the collaterals as well as an account of all
transactions involving them. Where the constitution of the security gives rise to the issue of a
note of the pledged stocks, the same power shall be vested on the institution having custody of
the said pledge note.
Any institution empowered to receive deposits from the public shall within the meaning of this
Uniform act be considered the paying institution.
Official translation
Spot-checked
In force from 15 December 2010
Source page 29