Cap. 16 Art. 2062When reduction may be ordered by court.

(1) Besides in the case mentioned in article 2027, the reduction of a registration may be ordered by a judgment in the case of a general legal hypothec, or of a judicial hypothec, if it is shown that the registration can be restricted as to the property affected thereby without injuring the interests of the creditor.

(2) The same rule shall apply in the case of a general conventional hypothec created to secure a right contingent upon an uncertain event, even though such hypothec may have been covenanted before the 11th February, 1870; and any renunciation of the right to demand the reduction is void, unless it is made by a public deed on a day subsequent to that of the instrument by which the hypothec was created.