Section 1: Realisation of the pledge and purging of registered claims.

Where the sale of the business has not taken place at public auction in accordance with articles L. 143-3 to L. 143-8, L. 143-10 and L. 143-13 to L. 143-15, the purchaser who wishes to secure himself from the proceedings of registered creditors is required, on pain of forfeiture, before the proceedings or within fifteen days of the summons to pay, to notify them, at the address elected by them…

The notification contains an election of domicile within the jurisdiction of the commercial court of the location of the business.

If the title of the new owner comprises various elements of land, some encumbered by registrations, others unencumbered, whether or not situated in the same jurisdiction, disposed of for one and the same price or for separate prices, the price of each element shall be declared in the notification, by breakdown of the total price expressed in the title.

The public officer appointed to carry out the sale of a business may have a copy of the supporting document mentioned in article R. 521-7 issued to him by the registrar. He may also obtain a copy of the authentic deeds of sale.

The costs and compensation due to the provisional administrator appointed pursuant to article L. 143-4 are taxed by the president of the commercial court.