1. A debtor who is indebted with a commercial debt may garnish in favor of his creditor by a written instrument a debt owed to him by a third party. In this case, the debtor shall deliver to the judgment creditor the instrument establishing the said debt. 2. The garnishment of the debt shall take effect against the debtor on whose debt the garnishment was effected only by serving such garnishment upon him or by his acceptance thereof. In addition, it shall take effect against third parties only by the possession of the judgment creditor of the debt instrument. 3. The rank of the debt shall be determined as of the date of service or acceptance.
Interpretation and application must be checked against the official text and current version.