Book Four: Real Securities · Section One: Mortgage · Chapter Two: Effects of the Mortgage · Part Two: Effects of a Mortgage with Respect to Third Parties · Second: Right of Priority
1. The rank of a mortgage shall be determined from the date of its registration.
2. The mortgage shall retain its rank until an entry indicating its extinction is recorded with the competent authority.
Interpretation and application must be checked against the official text and current version.
