Article D514-15 of the French Monetary and Financial Code
November 6, 2023
After a period of three months from the date of deposit of the pledged item, any depositor may request the sale of the item at the sales periods set by the institution’s internal regulations, even before the term set on the acknowledgement. The amount of the sale, excluding costs, is paid to the borrowing owner or the holder of the bearer acknowledgement, after deduction of the capital loaned, accrued interest…
