I. – The creditor shall be paid his claim on the price, directly and without any formality of justice, by privilege and in preference to all creditors, without any other deduction than those: 1° Of the indirect contributions, and customs duties due by the merchandise; 2° Of the expenses of sale, storage and other expenses for the preservation of the thing. II. – If the bearer of the receipt does…
The holder of the warrant has recourse against the borrower and the endorsers only after exercising his rights over the goods and in the event of insufficiency. The time limit set by article L. 511-42 for exercising recourse against endorsers, shall only run from the day on which the sale of the goods is completed. The warrant holder loses, in any event, his recourse against the endorsers if he has…
The bearer of the receipt and warrant has the same rights and privileges over the insurance indemnities due in the event of a claim as over the insured goods.
Public establishments authorised to carry out credit transactions may receive warrants as bills of exchange, with exemption from one of the signatures required by their articles of association.
A person who has lost a receipt or warrant may request and obtain by order of the judge, by proving his ownership and giving security, a duplicate in the case of the receipt, payment of the secured debt in the case of the warrant. If in this case the subscriber of the warrant has not paid up on the due date, the third party bearer whose endorsement has been transcribed…
In the event of loss of the receipt, the security provided for in the preceding article shall be released on expiry of a period of five years, when the goods covered thereby have not been claimed by a third party from the general shop. In the event of loss of the warrant, the security shall be released on expiry of a period of three years, from the transcription of the…
A warehousing receipt may only be issued in representation of raw materials included on a list drawn up by order of the Minister responsible for the economy and which may be the subject of a contract traded on a financial instruments trading platform. This storage receipt may not be admitted to trading on a multilateral system defined in articles L. 421-1, L. 424-1 or L. 425-1 of the Monetary and…
The storage receipt takes the form of an entry in a register kept by the manager of the platform mentioned in the first paragraph of Article L. 522-37-1 and under its responsibility. This entry specifies the name, profession and address of the holder of the receipt as well as the nature of the goods deposited and the information needed to establish their identity and determine their replacement value. The transfer…
Fungible goods represented by a storage receipt may be replaced by goods of the same nature, kind and quality. A storage receipt may be issued representing a batch of fungible goods to be taken from a larger batch. The general shop operator may not use or dispose of goods represented by a storage receipt on his own account, except with the prior agreement of the owner of the goods. The…
The pledge of goods represented by a warehousing receipt constituted by the holder of this title is established with regard to third parties as well as with regard to the contracting parties by its entry in the register mentioned in the first paragraph of Article L. 522-37-2 under the conditions laid down by decree in the Conseil d’Etat. No security other than the pledge created pursuant to the first paragraph…
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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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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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