French Commercial code
In forceIn the event of the sale of property rights in the main residence, the price obtained remains exempt from seizure, provided that the sums are reinvested within one year in the acquisition by the person mentioned in the first paragraph of article L. 526-1 of a property in which their main residence is located.
The unseizability of rights in the principal residence and the declaration of unseizability relating to any built or unbuilt property not used for business purposes may be waived at any time, subject to the conditions of validity and enforceability set out in article L. 526-2. The waiver may relate to all or part of the property; it may be made in favour of one or more of the creditors mentioned in article L. 526-1 designated by the deed of waiver. Where the beneficiary of the waiver assigns his claim, the assignee may rely on it. The waiver may be revoked at any time under the conditions of validity and enforceability set out in article L. 526-2. This revocation only has effect with regard to the creditors mentioned in article L. 526-1 whose rights arise after its publication.
The effects of the unseizability and those of the declaration survive the dissolution of the matrimonial property regime where the person mentioned in the first paragraph of Article L. 526-1 or the declarant mentioned in the second paragraph of the same Article L. 526-1 is the beneficiary of the property. They also subsist in the event of the death of the person mentioned in the first paragraph of the said Article L. 526-1 or of the declarant mentioned in the second paragraph of the same Article L. 526-1 until the liquidation of the estate.
