Where the secured claim is paid in full before the assigned claim is paid, the assignor shall automatically recover ownership of the assigned claim.
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Home | French Legislation Articles | French Civil Code | Book IV: Securities | Title II: Security interests | Subtitle II: Security interests in movable property | Chapter IV: Property retained or assigned as security. | Section 2: Property assigned as security. | Subsection 2: Assignment of receivables as security | Article 2373-3 of the French Civil Code
Where the secured claim is paid in full before the assigned claim is paid, the assignor shall automatically recover ownership of the assigned claim.
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Lorsque la créance garantie est intégralement payée avant que la créance cédée ne le soit, le cédant recouvre de plein droit la propriété de celle-ci.
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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