1. If the offer is money or other items that can be moved or lodged in the Court's Treasury and the person, to whom the offer was submitted, has rejected it, the President of the Court of First Instance or the session's president, as the case may be, shall give orders to lodge them forthwith in such case. 2. If the offer is rejected and the offered item cannot be deposited in the Court's Treasury, the session president or the president of the Court of First Instance, based on the request of the person making the notification, as the case may be, shall order to deposit it in the place they specify, if the said item can be moved without difficulty. However, if the said item is intended to remain where it is, or it is not easy to be moved except with difficulty, they shall order it to be placed under receivership. 3. If the offered item is rapidly perishable or costs exorbitant expenses to be deposited or guarded, the Debtor or the person making the notification may request the President of the Court of First Instance to order it to be sold by public auction, and the price shall be deposited in the Court's Treasury. However, if its market value is known, or if it is usually dealt with within the normal transactions, it may be not sold by public auction unless it is not possible to sell it at the known price. 4. The offerer may request the Court to ascertain the validity of the offer by a decision.
Interpretation and application must be checked against the official text and current version.
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