1. The mortgagee shall have a priority right over all creditors for collecting his right from the price of the goods after deduction of the following amounts: a. Taxes and duties due on the goods; b. Judicial expenses incurred for the joint interest of creditors; and c. Expenses incurred for the safekeeping, storage and sale of goods. 2. Any amount exceeding the sum of money due to the holder of the pledge deed shall be paid to the holder of the storage receipt if he is present at the time of the sale of goods. If he is not present, the sum shall be deposited in the treasury of the court which has ordered the sale.
Interpretation and application must be checked against the official text and current version.