Article 426. Concurrence between third party acquirers from the same transferor

(1) In case if two or more persons were entitled to acquire, by acts entered into with the same holder of a registered right, rights which are mutually exclusive, the person who first filed the application for registration of its right will be treated as the holder of the registrable right and will be so registered, regardless of the date of the title under which the registration was made in the register or who is in the possession of the object of the registrable right.
(2) The registrar will refuse to register in that register the registration applications of all the other applicants.