Section 6: Prior Right of the Bank

1) For the purpose of recovering any loan, which the Bank has given to any borrower or any other type of claim of the Bank against any borrower, the Bank shall have prior right of security over cash deposited in an account in the name of such borrower at the Bank or in any commercial bank or financial institution or against any other movable and immovable property owned by the borrower for the purpose of recovering such loan.

2) The Bank shall recover its loan by taking into custody the cash or movable or immovable property having its prior right and selling such property as prescribed.