Article 354.8: Implementation of the right

1. The exercise of this right shall be carried out in accordance with the procedure laid down in article 350, paragraph 1, and article 350.1, paragraph 1, of the present Code. A number of parties may agree that its enforcement is effected through the transfer, upon the request of the pledge holder, of the right of the pledge holder pursuant to a decision of the court. 3. the right to apply out of court, the parties may agree that enforcement of the right is effected by the assignment of the right by the pledgeor to the pledge holder or to the debtor. In the event of a refusal by the pledgeor to assign the right of the pledge holder or a third person to claim the transfer of that right by a court decision or by a decision of the court, 4. From the moment the right is transferred to the pledge holder or the third person designated by him or her The obligation to which the guarantee of this right is secured shall cease to be equivalent to the value (the initial sale price) of the right in question (art. 349, para. 7). the secured right, where the grantor is a third party, without care It’s not like that.