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Cap. 16 · Civil Code (Cap. 16)

Cap. 16 Art. 1448How right of redemption is exercised.

Sub-title VI

In forceOfficial text

(1) The right of redemption is exercised by presenting a schedule of redemption, in the registry of the competent court, regard being had to the place of residence of the possessor of the thing.

(2) The party exercising the right of redemption, however, shall be deemed to have validly exercised such right by presenting the schedule in the registry of the competent court according to the place of residence of the buyer, unless he shall have previously been, by means of a judicial intimation, informed of the transfer of the thing from the buyer to another person; and in such case all subsequent acts relating to the right of redemption so exercised shall be presented in the same court.

Amendment history
  • Amended by IV.1961.2