The secured creditor and the holder of the pledged account shall define the conditions under
which the holder of the said account may have at his disposal the financial bonds and the sums
of all the money appearing in the pledged account.
Where the secured creditor not being the holder of the pledged account authorizes the holder of
the said account to dispose of any security and any sum of money appearing in the pledged
account, the holder of the account and the secured creditor shall in writing let the keeper of the
account know the conditions of such disposition. The keeper of the account may not disregard
the instructions he receives without the consent of the secured creditor.
Official translation
Spot-checked
In force from 15 December 2010
Source page 36