Article 969 Federal Labor Law

If the attached property is a company or establishment, the following procedure shall be observed:

I.An appraisal shall be carried out by an expert, which the court shall request from the National Savings and Financial Services Bank (Banco del Ahorro Nacional y Servicios Financieros, BANSEFI) or an equivalent institution, or some other official institution;

II.The amount of the appraisal shall serve as the basis for the auction;

III.The provisions of section III of subsection A of the preceding article, referring to movable property, are applicable; and

IV.If the company or establishment includes real property, the certificate of encumbrances referred to in section II of subsection B of the preceding article shall be obtained.