ALTHOX

COLOMBIAN COMMERCIAL CODE Section II  Collection of bonus pledge Article 794 .- The pledge bond must be presented for collection before the store in question. Article 795 .- If not taken timely provision to the store, it must give the bonus annotation of non-payment. Such entry shall have effect in protest. Article 796 .- If the store refuses to put the score, the protest must be made ​​in the manner provided for bills of exchange. Article 797 .- The bondholder duly noted or protested may, within eight days following the entry or to protest, demanding the store to proceed with the auction of items left. Article 798 .- The store will auction the property and its product is applied to the payment of: 1. The expenses of the auction; 2. The tax levied on the things deposited; 3. The credit from the deposit agreement, and 4. The provision added to the pledge bond. The remainder retained by the storage available to the holder of t...