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

Cap. 12 Art. 353Substitution of movable for immovable property put up for sale.

Sub-title III

In forceOfficial text

(1) If the debtor offers for auction movable property sufficient to meet the claim of the creditor without any obstacle or difficulty, the auction of the immovable property or of a commercial going concern shall be suspended.

(2) The auction of the immovable property or commercial going concern stated by the creditor shall likewise be suspended, if the debtor offers other immovable property sufficient to meet the claim of the creditor without any obstacle or difficulty.

Amendment history
  • Amended by XIV.2006.51