Colombian Commercial Code - Decree 410 of 1971 - Book III - Of Commercial Property - Title III - Securities - Chapter V - Different species of Securities - Section V - Certificate of Deposit and Bono Pledge - From: Art 757 By: Art 766
COLOMBIAN COMMERCIAL CODE Section V Certificate of deposit and bonus pledge Article 757 .- The bonded warehouses may be issued as a result of deposit merchandise, certificates of deposit and pledge bonds. Certificates of deposit incorporate the rights of the depositor of the goods deposited and are intended to serve as an instrument of transfer, transferring to the buyer any such rights. The garment features a bonus credit of lien on the goods covered by certificate of deposit and itself confer rights and privileges of the garment. Article 758 .- The certificate and, where appropriate, form of bond will be delivered by the warehouse at the request and expense of the depositor. Article 759 .- In addition to general requirements, the certificate of deposit and pledge bond shall contain: 1. The mention of being a "certificate of deposit" and "bonus pledge" respectively; 2. The appointment of warehouse, storage place and...