Code of Organization and Civil Procedure (Cap. 12), article 355

355. ( 1 ) T h e d e b t o r s h a l l h a v e t h e r i g h t t o r e p u r c h a s e h i s immovable property and of a commercial going concern sold by auction provided such right is exercised within four months fro m the date of registration of the act of adjudication in the Publ ic Registry. (2) The right of repurchase shall be exercised by the filing of a schedule of redemption, and a conc urrent deposit as is provided mutatis mutandis , in Sub-title VI of Title VI of Part II of Book Second of the Civil Code . Right of creditor to re-sell immovable property to be exercised within two years. Amended by: IX.1886.79; IV .1984.7. Substituted by: XXIV .1995.174. Amended by: XIV .2006.54. Cap. 16.