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196

Article 196

Des Faillites

Commercial Law
Titre IV: Des Faillites et Banqueroutes (On Bankruptcies and Fraudulent Bankruptcies)
Chapitre I: Des Faillites (On Bankruptcies)

Seront aussi extraits des scellés, les effets du portefeuille, à courte échéance, ou susceptibles d'acceptation; ils seront décrits, et remis aux agens pour remplir les formalités qu'ils exigeront, et en poursuivre le recouvrement; mais bordereau circonstancié en sera remis au procureur du roi de l'amirauté, pour être déposé au greffe.

Life lesson: Short-term bills and negotiable instruments get pulled from the seals so the agents can collect on them — with a full accounting sent to the prosecutor.
Notes: Urgent instrument extraction: short-term/acceptance-required portfolio effects extracted from seals, described, delivered to agents for collection. Detailed bordereau filed with procureur du roi at greffe. Preserves time-sensitive commercial paper.
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