The National Assembly and the Senate have adopted,
The President of the Republic promulgates the law, the content of which follows:
Art. 1st. –
Any creditor may, under the conditions provided for by law, compel his defaulting debtor to perform his obligations towards him.
Any creditor can take a precautionary measure to ensure the protection of his rights.
Forced execution and precautionary measures are not applicable to persons who enjoy immunity from execution.
- Art. 2. –
The creditor provided with an enforceable title establishing a liquid and exigible debt can continue the enforcement of it on the assets of his debtor under the conditions specific to each execution measure.
- Art. 3. –
The only enforceable titles are:
1 ° The decisions of the courts of the judicial order or the administrative order when they are enforceable;
2 ° Foreign acts and judgments as well as arbitral awards declared enforceable by a decision not liable to a suspensive appeal of execution;
3 ° Extracts from the conciliation minutes signed by the judge and the parties;
4 ° Notarial acts bearing the enforceable form;
5 ° The title issued by the bailiff in the event of non-payment of a check;
6 ° Certificates issued by legal persons governed by public law qualified as such by law, or decisions to which the law attaches the effects of a judgment.
- Art. 4. –
The claim is liquid when it is valued in money or when the security contains all the elements allowing its valuation.