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but the court may on the application of the owner allow him a reasonable time for doing so.

300.

The exercise of the right of lien does not prevent the running of extinctive prescription against the obligation.

301.

The debtor may claim the extinguishment of the right of lien on giving proper security.

302.

A lien is extinguished by the loss of possession of the thing; but this does not apply to the case where the thing retained is let or pledged according to the provisions of Art. 298, 2.

Chapter VIII.
Preferential Rights.[1]

Section I.
General Provisions.

303.

A holder of a preferential right has according to

  1. ↑ These rights somewhat resemble what in the English law are called equitable liens, but are not exactly the same.
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