Arrêté ministériel du 13 février 1958, pris en exécution de l'arrêté grand-ducal du 27 mai 1937 sur la réglementation de la mise en gage de fonds de commerce, et autorisant la société anonyme Banque Commerciale, établie à Luxembourg, à se faire consentir des gages sur fonds de commerce. | http://data.legilux.public.lu/eli/etat/leg/amin/1958/02/13/n1/jo — Luxembourg law | Esheria

Arrêté ministériel du 13 février 1958, pris en exécution de l'arrêté grand-ducal du 27 mai 1937 sur la réglementation de la mise en gage de fonds de commerce, et autorisant la société anonyme Banque Commerciale, établie à Luxembourg, à se faire consentir des gages sur fonds de commerce.

The order authorizes Banque Commerciale in Luxembourg to obtain pledges on business assets in the Grand Duchy of Luxembourg.

AI-assisted research synopsis — verify against the official legal text below.

Jurisdiction
Luxembourg
Instrument
Order
Citation
http://data.legilux.public.lu/eli/etat/leg/amin/1958/02/13/n1/jo
Status
In force
Version
Undated source snapshot
Language
fr
Updated
Official source
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bank authorization business asset pledges business assets fees interest rates loan terms penalties secured lending

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Statute overview

About this statute

The order authorizes Banque Commerciale in Luxembourg to obtain pledges on business assets in the Grand Duchy of Luxembourg. BANQUE COMMERCIALE is allowed to receive pledges on business assets, unless a contrary rule applies. Loan interest may not exceed 6% per year, and any eventual commission may not exceed 0.5%; a penalty clause may not be added to worsen the debtor's position for late payment or late repayment. The present order will be published in the Mémorial.