Cap. 16 Art. 2072Creditors may demand sale of immovable or movable charged with hypothec.

(1) If the third party in possession fails to surrender the immovable or movable or to pay the debt fallen due, it shall be lawful for the hypothecary creditor to demand judicially the sale of the immovable or movable charged with the hypothec after having by means of a protest called upon the debtor to discharge the debt, and upon the third party in possession either to discharge the debt or to surrender the immovable or movable.

(2) The said demand may not be made before the expiration of thirty days from the service of the protest on the debtor and the third party in possession.