1. The bank shall undertake the management of the securities deposited with it, by collecting the profits and value of such due or redeemed securities, and it shall notify the customer depositor of the transactions made to the said securities, such as replacement or renewal thereof, and place the collected sums at the disposal of the depositor and credit them to his account. 2. The bank shall inform the depositor of every matter or right relevant to the security and requiring his approval or that is dependent on his preference. Where the depositor's instructions are not received in good time, the bank shall dispose of the matter in such manner as is beneficial to the depositor who shall bear the costs. 3. The bank shall be held liable where it fails to fulfill its obligations and damage is caused to the customer as a result of such failure.
Interpretation and application must be checked against the official text and current version.