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Cap. 12 · Code Of Organization And Civil Procedure (Cap. 12)

Cap. 12 Art. 351Consequences of suspension of sale for over one year.

Sub-title III

In forceOfficial text

(1) If the creditor leaves the auction suspended for more than one year, all the acts thereof shall become void.

(2) In all cases, the effects of the decree by which a sale by auction of immovable property or of rights annexed to such property is ordered, shall cease in regard to third parties on the expiration of one year from the date of the registration required under article 306, unless such registration shall have been renewed within that time, on the demand of the execution creditor.

Amendment history
  • Amended by IX.1886.76