Fiduciary transfer of property Act.
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LEX-FAOC040793
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1
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The Act establishes that the contract of fiduciary transfer of property on an immovable thing the debtor or a third party assumes the obligation to transfer the right of ownership to the creditor in order to secure discharges of claim and the creditor assumes the obligation, after settlement of his claim, to enable the debtor an undisturbed enjoyment of the right of ownership. The contract of fiduciary transfer of property must be concluded in written form, and in the case of immovable objects the contract must be authenticated by the court. The text consists of 30 Articles.
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