Code of Organization and Civil Procedure (Cap. 12)

Code of Organization and Civil Procedure (Cap. 12), article 351

Official PDF on legislation.mt

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.

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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.