Legislative part

I. – The bearer may claim from the person against whom he is exercising his recourse: 1° The amount of the bill of exchange not accepted or not paid with interest, if this has been stipulated; 2° Interest at the legal rate from the due date; 3° The costs of the protest, those of the notices given as well as other costs. II. – If recourse is exercised before the…

He who has repaid the bill of exchange may claim from his guarantors: 1° The full sum he has paid; 2° Interest on the said sum, calculated at the legal rate, from the day he disbursed it; 3° The costs he has incurred.

Any obligor against whom recourse is exercised or who is exposed to recourse may demand, against reimbursement, the surrender of the bill of exchange with the protest and an acquitted account. Any endorser who has reimbursed the bill of exchange may strike out his endorsement and those of subsequent endorsers.

If recourse is exercised after partial acceptance, the person who reimburses the sum for which the letter was not accepted may require that this reimbursement be mentioned on the letter and that he be given a receipt for it. The bearer must also provide him with a certified copy of the letter and the protest to enable subsequent recourse to be exercised.

I. – After the expiry of the time limits fixed: 1° For the presentation of a bill of exchange at sight or at a certain time of sight; 2° For the making of the protest in default of acceptance or in default of payment; 3° For presentation for payment in the case of a clause of return without charge, the bearer forfeits his rights against the endorsers, against the drawer…

When the presentation of the bill of exchange or the making of the protest within the prescribed time limits is prevented by an insurmountable obstacle such as the legal prescription of any State or any other case of force majeure, these time limits shall be extended. The bearer is required to give notice of the case of force majeure to his endorser without delay and to mention this notice, dated…

Independently of the formalities prescribed for the exercise of the action in warranty, the bearer of a bill of exchange protested for lack of payment may, by obtaining the permission of the judge, seize conservatorily the movable effects of the drawers, acceptors and endorsers.