Where the maturity date of the pledged debt is due before that of the secured debt, the secured
creditor shall keep the money as security in an account opened in an institution empowered to
receive the said money on condition of refunding same to the settlor when the secured debt shall
be paid. Failing this, and eight days after due notice unheeded to by the debtor of the secured
debt, the secured creditor shall transfer, an amount equal to his unpaid debt.
Where the maturity date of the secured debt is due before that of the pledged debt, the creditor
may by court order or by operation of the terms of the contract, be granted the secured debt and
all other rights attached thereto. The creditor of the pledged debt may also wait for the maturity
date of the pledged debt.
Except otherwise agreed, the creditor of the pledged debt shall in addition receive the interest
charged on the amount due in capital, interest and other accessories.
Official translation
Spot-checked
In force from 15 December 2010
Source page 33