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Cap. 16 · Civil Code (Cap. 16)

Cap. 16 Art. 1450Time for deposit.

Sub-title VI

In forceOfficial text

(1) Where a right of redemption has been exercised, it may not be impeached on the ground that the deposit was made after the time fixed for the exercise of such right, provided the deposit is made within the ten days mentioned in the last preceding article.

(2) Where, however, the deposit is not made within the ten days as aforesaid the schedule of redemption shall cease to be effectual, even though the deposit shall have been made before the lapse of the time fixed for the exercise of the said right, saving the power of the party presenting the schedule to exercise again the right of redemption by presenting a fresh schedule within such time, and saving also any other provisions contained in articles 1451 to 1468.

Amendment history
  • Amended by IV.1961.2