Chapter II: General shops

In the event of non-payment on the due date, the bearer of the warrant separated from the receipt, may, eight days after the protest, and without any judicial formality, have the public auction and wholesale sale of the goods committed carried out by public officers, in accordance with the provisions of Book III relating to public wholesale sales of goods. In the event that the original subscriber of the warrant…

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…