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Article 374Changes in Order of Priority of Mortgages

第三百七十四条(抵当権の順位の変更)

The order of priority of mortgages may be changed with the agreement of all mortgagees; provided, however, that if there are interested persons, the consent of the same must be obtained.

抵当権の順位は、各抵当権者の合意によって変更することができる。ただし、利害関係を有する者があるときは、その承諾を得なければならない。

The changes in order referred to in the preceding paragraph do not become effective unless registered.

前項の規定による順位の変更は、その登記をしなければ、その効力を生じない。

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