BOOK V: Commercial paper and guarantees.

Receipts and warrants issued by the operator shall include on the front a statement that the goods are insured against fire under the shop’s general policies. .

At the request of the bearer of the combined receipt and warrant, the goods deposited shall be split up into as many lots as he sees fit, and the original title replaced by as many receipts and warrants as there are lots.

The administration of the general shop shall liquidate at the request of the holder of the receipt or warrant the debts and costs listed in Article L. 522-32 and whose lien takes precedence over that of the claim secured on the warrant. The settlement slip issued by the general shop administration bears the numbers of the receipt and warrant to which it refers.

On presentation of the protested warrant, the administration of the general shop shall give the broker appointed for the sale by the warrant holder every facility to proceed with the sale. It shall deliver the goods to the buyer only on presentation of the report of the sale and in return for: 1° Proof of payment of preferential duties and costs, as well as the amount of the sum due…

In addition to the ordinary trade books and the book of receipts and warrants, the administration of the general shop shall keep a counterfoil book intended to record the deposits that may be made to it pursuant to Articles L. 522-30 and L. 522-32. All these books are quoted and initialled, by first and last leaves.