Code of Organization and Civil Procedure (Cap. 12)
Code of Organization and Civil Procedure (Cap. 12), article 351
351. (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 regi stration requir ed
under article 306, unless such reg istration shall have been ren ewed
within that time, on the demand of the execution creditor.
Disposal of
immovable
property, etc., by
debtor within a
year from
registration of
order of sale to be
null.
Amended by:
IX.1886.77;
XV .1913.88;
XXIV .1995.171;
XIV .2006.50.
Text read from the consolidated PDF published by Legislation Malta. Tables, figures and marginal notes may be incomplete or out of place: the official PDF is authoritative. General information, not legal, tax or accounting advice.