Where a document of title has been lost or destroyed without the intention of repaying the debt, the creditor may request the court to cancel the document of title and order the debtor to make payment or that a new document of title be issued for as yet unmatured claims
The cancellation is made in accordance with the provisions governing the cancellation of bearer securities but subject to a notice period of six months
Likewise, the debtor may request that a lost certificate which has already been redeemed be cancelled.
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