Article 353 of Commercial Code

2 - Attachment shall be effected by requiring the bank to state whether it leases a safe-deposit box to the person against whom attachment is levied. If it acknowledges this, it shall prevent that person from entering the place where the box is situated. A copy of the attachment report shall be left with the bank, including a statement of the instrument pursuant to which attachment was effected, and the lessee of the box shall also be served with the attachment report. - If the attachment is precautionary, the lessee may request the president of the Court of First Instance to lift the attachment or authorize him to take some of the contents of the box. - If the attachment is executory, the enforcement officer shall, after giving notice to the lessee, forcibly open the box after the attaching creditor deposits the costs of opening it and restoring it to its condition. The contents of the box shall be sold in accordance with the procedures set out in the Law of Procedure. h - If the lessee is absent and the box contains documents or instruments, the bank shall keep them in its custody in a package sealed with the seals of the enforcement officer and the bank. 6 - The attaching creditor shall pay the bank an amount sufficient to secure the rent of the box throughout the attachment period. Index of the Law 1303 Home Page Commercial Law Decree-Law No. 68 of 1980 Promulgating the Commercial Law Section Four Bank Transfer (Account Transfer)