Article 345: Replacement and restoration of bail

1. Under the agreement of the pledgeor and the pledge holder, the subject matter of the pledge may be replaced by other property. 2. Regardless of the consent of the pledgeor or pledge holder, it shall be deemed to be in bail: (1) New property owned by the pledgeor and created or resulting from the processing or other alteration of the property; (2) property provided to the pledgeor in exchange for the property; In the event of withdrawal (purchase) for public or municipal purposes, requisitioning or nationalization on grounds and in accordance with the procedure established by law, and the right to claim (a) The payment of the property in lieu of the security item on the grounds stated; (b) the property, with the exception of the money transferred to the creditor pledgeor by the debtor, in the case of a pledge of right (claimed) 3. If the replacement of the item of collateral with other property in the case referred to in paragraph 2 (1) of this article has occurred as a result of an act The pledge holder is entitled to request the early performance of the obligation secured by the pledge and, in the event of its non-performance, to seek enforcement of the pledge. 4. If the subject of the pledge has been killed or damaged in circumstances for which the pledge holder is not responsible, the grantor shall have the right to restore the item of the pledge or replacement within a reasonable period of time. If the debtor intends to exercise the right to restore or replace the security item, he shall have immediate effect on the security of the security. The pledge holder may refuse to do so in writing within the time limit specified by the bond contract or, if no such time limit has been established, in his or her mind. 5. In the cases referred to in paragraph 2 of the present article, Imam shall be entitled to a period of time after receipt of notice from the restoration or replacement of the security item, provided that the previous and new items of the pledge are not equal. a substance that replaces the subject matter of the pledge, including the right (claim) is deemed to be in place of the former item of the pledge as soon as the rights of the pledgeor have arisen or as soon as the creation of a right, except where the law requires the creation, transfer and encumbrance of rights to be registered by the State. The rights and obligations of the parties with respect to the new item of pledge shall apply to the rights and obligations of the parties to the extent that they do not conflict with the substance (i.e. their property). (am) the security item: If the security item is replaced, the priority of the rights of the security holders, including those arising prior to the provision of the property as a replacement for the previous item of the pledge, does not change 6. Instead of replacing the security item, the parties are entitled to conclude a new bond contract. 7 D D A security clause may provide for cases in which the grantor has the right to replace the security without the consent of the pledge holder.