Article 1972
It can be formed on one or more heads.
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Showing 2931–2940 of 67840 articles for “Art. 1 and Arrêté ECOT2301445A du 27-1-2023 Art. 1”
It can be formed on one or more heads.
Any life annuity contract created on the life of a person who was dead on the day of the contract has no effect.
In the case of the preceding article, the life annuity is reducible if it exceeds what it is permitted to dispose of; it is void if it is for the benefit of a person incapable of receiving.
The life annuity may be constituted at such rate as the contracting parties may determine.
A life annuity may be constituted for a sum of money, or for an appreciable movable thing, or for an immovable.
The same applies to a contract under which the annuity was created on the life of a person suffering from the illness from which he died within twenty days of the date of the contract.
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