1. Judicial set-off shall take effect upon the request of the interested party, and may not validly be waived before the right thereto is established. 2. Set-off results in the extinction of the two debts to the extent of the lesser amount, from the time they become eligible for set-off. 3. If the debtor has multiple debts, the designation of set-off shall follow the same rules as the designation of payment.
Interpretation and application must be checked against the official text and current version.