Colombian Commercial Code - Decree 410 of 1971 - Book IV - Of Contracts and Corporate Obligations - Title VII - the tank - Chapter II - General Deposit Warehouses - From: Section 1180 to: 1191 Art
COLOMBIAN COMMERCIAL CODE
CHAPTER II
Deposit in general stores
Section 1180 .- The deposit in warehouses may deal individually goods and products specified; on goods and products designated
generically, provided they are of consistent quality, accepted and used
in trade, in goods and goods in process of transformation or profit, and
on goods and products in transit by being referred to stores in the
usual way on trade.
Section 1181 .- In the warehousing of goods and products
generically designated stores are required to maintain an existence
equal in quantity and quality, and will be responsible for the losses
that occur by alteration or decomposition, except wastage which amount
has been expressly determined in the certificate deposit and the pledge
bond.
Section 1182 .- For general stores may issue certificates of
deposit and bonds pledge on goods sent for processing or profit, must
state the circumstances in the titles being in the process and indicate
the product or products to be obtained.
Section 1183 .- General stores may issue certificates of deposit
and bonds pledge on goods in transit, provided that they have the
character of recipients.
In this case, the titles recorded in the name of the conveyor and places
of loading and unloading. Also goods must be secured against transport
risks.
The warehouse is not liable for losses caused by transportation.
Section 1184 .- Who alone is the holder of the certificate of
deposit in which the bond is issued stating the pledge can not claim a
refund of the things deposited, without having previously paid the debt
secured by the pledge bond and interest until the maturity date.
The holder of the certificate is issued when the pledge bond or the
holder of both titles will, in case of refusal by the store, the
corresponding protest, as provided in Article 795 or 706 for bringing
the action back.
Such payment may be made even if the term of the obligation is not defeated, consigning its value at the respective store.
This requires the storage tank and delivers the goods.
Section 1185 .- The general store retain a document, it recorded
the same information required for certificates of deposit and bonus
pledge forms.
Section 1186 .- To be issued certificates of deposit and pledge
bonds, it is necessary that these goods are free of any liens or seizure
under legal process that has previously been reported to the general
store. When the levy or seizure has not been notified before the issue
of documents will be unenforceable to the holders.
Section 1187 .- The goods stored must be secured against fire and other risks may be.
Both the holder of the certificate of deposit and the bonus will have on
the value of insurance, in case of accident, the same rights they would
have on the goods insured.
Section 1188 .- The general store will have the right of
retention and privilege to become only pay fees for storage, commissions
and selling expenses.
Section 1189 .- If the goods stored at risk of deterioration or
damage to other property deposited, the general store must notify the
depositor and the holders of the certificate of deposit and bonus
pledge, if possible, to be removed from storage in a reasonable time,
and if the withdrawal is not verified within the time specified, may
sell at public auction, at the same store or a hammer.
Nothing in the preceding paragraph shall apply to cases where the goods
are not removed at the expiration of the deposit, or within thirty days
of private demand to the depositor or the winner of the goods at
auction, to remove them, if there is no agreed term.
The product sales, the deductions made in the previous article shall be
kept available to store the holder of the certificate of deposit or
pledge bond or security deposit if such bond shall have been negotiated
separately from the certificate of deposit .
Section 1190 .- Who is both owner of the certificate of deposit
or pledge bond shall be entitled to request that the thing deposited is
divided into several groups and each will be given a separate
certificate with a corresponding bonus pledge to change the certificate
total and only returned to the general store. The costs of operation
will be borne by the person concerned.
The same right shall be the holder of the pledge bond only, but in this
case the store previously notified the holder of the certificate of
deposit to return the total and unique certificate and receive partial.
Section 1191 .- The Government shall regulate the provisions of this Chapter.
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