Colombian Commercial Code - Decree 410 of 1971 - Book IV - Of Contracts and Corporate Obligations - Title IX - Garment - Chapter II - Pledge without Tenure Creditor - From: Section 1207 to: 1220 Art
CHAPTER II Pledge without possession of the creditor Section 1207 .- Unless the statutory exceptions may be encumbered with a pledge by the debtor retaining possession of the thing, all kinds of furniture needed for economic exploitation and for her or that result from the same farm. All pledge without possession of the creditor shall be governed by commercial law. Section 1208 .- The pledge agreement referred to in this Chapter may be established by private instrument, but only have effect in relation to third on the day of registration. Section 1209 .- The document evidencing a contract of pledge without possession must contain at least the following specifications: Section 1210 .- The pledge contract shall be entered in the commercial register office for the place where, under the contract, must remain the pledged assets, and whether they should remain in various places, registration will be in the record corresponding to each them, but the pledg...