Article 342.1: Equivalence of meeting the requirements of bail holders

1. Unless otherwise provided for by this Code or other law, the priority of meeting the requirements of bail holders shall be determined depending on the time each pledge arises. Visible from the moment the pledge arises if it is proved that the pledge holder is at the time of the conclusion of the contract or at the time of the circumstances to which the law relates the creation of the pledge a. Knew or should have known of the previous pledge holder, the requirements of such prior pledge holder are met primarily. e The prior pledge holder ' s property is entitled to claim the debtor ' s early performance of the obligation secured by the subsequent pledge and in the event of default In order to recover the property at the same time as the previous pledge holder, the right to deposit may be restricted by the agreement between the pledgeor and the subsequent pledge holder. 3. A claim secured by a subsequent pledge is not eligible for early satisfaction if the balance 4. If the collateral is subsequently secured, the collateral will be sufficient to satisfy the subsequent pledge holder ' s claim. has not exercised the right to seek early performance of the obligation, or the right has been restricted by the agreement in accordance with paragraph 2 of this article, subsequent pledge is terminated, 5. If two or more bail contracts or other arrangements are entered into with respect to fixed property other than immovable property The transactions that gave rise to the bond and it is not possible to determine which of the transactions in question has been performed previously, the requirements of the bond holders on such bonds are met in proportion to the amount of the security provided. 6. In the event of a claim being made against the property in respect of a claim secured by a subsequent pledge, the pre-bailing holder is entitled to claim d at the same time. If the pledge holder did not avail himself of the right, the property, 7. Before a claim is brought against the person who is secured by the subsequent pledge, it is passed on to the buyer, with the prior pledge being encumbranced. who are secured by prior and subsequent liens, the pledge holder who intends to bring his or her claim is obliged to notify all others in writing And those who are known to him of the depositors of the same property shall be given notice thereof. 8. After the distribution of the proceeds from the sale of the property to all the mortgage holders of the mortgage. In order of priority, the amount of the penalty, damages and other penalties to be paid to the pledge holder shall be distributed. A different order of allocation of damages, damages and other penalties may be provided in accordance with securities laws. In this article, if the pledge holder is the same person on the previous and subsequent pledges, the claim secured by each of the bonds shall not apply. 10. In cases where the property is encumbranced, the secured obligation is to be carried out in accordance with the order of priority, unless otherwise provided by law or agreement of the parties. In respect of which a deposit is kept under article 339.1, paragraph 4, of the present Code, it is the subject of several bonds, a pledge holder ' s claim, a record of the date of the deposit. the security of the same property, which has not been recorded in the prescribed law This is not the case under the securities laws. x.