How To Change The Type Of Promissory Note?
Changing the type of promissory note
ARTICLE 650 – (1) A registered promissory note or a promissory note may be converted into a bearer promissory note only with the consent of all persons to whom it grants rights and imposes obligations. This consent must be written directly on the promissory note.
(2) The same rule shall apply to the conversion of bearer promissory notes into registered or registered promissory notes. In the absence of the consent of one of the persons having rights or obligations in this last case, such conversion shall be effective only between the creditor making the conversion and the person who directly succeeds to his rights.
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