Collateral

principe

Member
Nov 19, 2002
531
14
18
What law would cover perishable agricultural goods held as collateral in a warehouse?

Is there a Ley General de Almacenaje?

How is a bank/lender protected when you take say coffee or tobacco as collateral?
 

Fabio J. Guzman

DR1 Expert
Jan 1, 2002
2,359
252
83
www.drlawyer.com
No, there is no Ley General de Almacenaje, but there is the Ley de Fomento Agr?cola 6186 and other statutes which deal with the "prenda" (collateral).

The subject is not for the uninitiated. I suggest that you consult a lawyer versed in these matters.