Article 1974
Any life annuity contract created on the life of a person who was dead on the day of the contract has no effect.
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Showing 3161–3170 of 64245 articles for “Art. II-1° bis”
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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