SECTION 175

Where the business property is to be relocated, the owner shall at least fifteen days prior to the relocation give notice to the registered creditors by extrajudicial means of his intention to relocate the said business property indicating the new location. Where the business property is relocated without the said notification, settlement of the debt shall be immediately due. Any registered creditor who refuses to consent to the relocation may within fifteen days following notification demand immediate payment if his collateral security is reduced thereby. Any registered creditor consenting to the relocation shall retain his collateral security if he makes mention of his consent on the margin of the initial registration. Where the business property is transferred to another State Party, the initial registration shall at the demand of the registered creditor be transferred in the Trade and Personal Property Rights Register of the new location.