Article 1971
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.
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Showing 451–460 of 61094 articles for “Art. L 225-197-1”
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.
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…
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.
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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