Article 1052 of Civil Code

1 If the pledged thing is threatened with destruction, damage, or a decrease in value such that it is feared that it will become insufficient to secure the creditor's right, and the pledgor has not requested its return to him in exchange for another thing offered in its place, the pledgee or the pledgor may request the judge to authorize him to sell it by public auction or at its price on the exchange or market. 2 - When authorizing the sale, the judge shall decide on the deposit of the price, and the creditor's right shall in this case pass from the thing to its price.