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Cap. 13 · Commercial Code (Cap. 13)

Cap. 13 Art. 267Where secured claim is passed to account current.

TITLE VIII

In forceOfficial text

(1) The party who has included in the account a debt secured by a pledge or a hypothec shall be entitled to enforce such security for the payment of any balance which may be found for him.

(2) The provisions of this article shall also apply with regard to any claim passed to account current which is secured by the obligation of a surety or a co-debtor.