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Showing 41–50 of 60148 articles for “Art. 197 A”
Companies may carry out capital increases by issuing shares reserved for employees under the terms and conditions set out either in Articles L. 225-187 to L. 225-197 of the French Commercial Code or i…
It may be constituted for the benefit of a third party, although the price is provided by another person. In the latter case, although it has the characteristics of a liberality, it is not subject to…
The mere non-payment of the arrears of the annuity does not authorise the person in whose favour it is constituted to demand repayment of the capital, or to re-enter the land alienated by him: he has…
The settlor cannot release himself from the payment of the annuity, by offering to repay the capital, and by renouncing the recovery of the arrears paid; he is bound to serve the annuity during the wh…
The life annuity may be constituted either on the life of the person who provides the price, or on the life of a third party, who has no right to enjoy it.
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.
The person in whose favour the life annuity has been constituted for a price may request the termination of the contract, if the settlor does not give him the securities stipulated for its execution.
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.
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