Consignable assets

For an asset to be consigned, it must have one of the acceptable forms in accordance with the provisions of this article:

a) All assets liable to be paid or wired to the Consignment Office in a bank account or a postal check account in Luxembourg are acceptable;

b) Any other movable or immovable asset, tangible or intangible, is acceptable, subject to a written and prior agreement by the Consignment Office in the cases referred to in article 1 paragraph (2) of the 29 April 1999 law on consignments to the State. This agreement becomes null and void if it is not followed within three months of its notification by the receipt of the assets at the Consignment Office.

Last update