The non-binding effect of an act may only be pleaded by the body of creditors.
(1) The body of creditors shall be collocated with a creditor whose security has been declared
non-binding.
(2) Any gratuitous transfer declared non-binding shall have no effect where it has not been
executed. Where the transfer has been executed, the transferee of the property shall return
it.
Same shall be for a gratuitous sub-transfer. The sub-transferee, even where he is of good faith,
shall not be allowed to plead the transfer. He shall return the property so transferred or pay its
value, except where the property has disappeared from his estate due to circumstances beyond
his control.
In the case of a sub-transfer for valuable consideration, the sub-transferee shall not be bound to
return the property or pay its value except where, at the time he purchased the property, he had
knowledge of the insolvency of the debtor.
However, the principal beneficiary of the gratuitous transfer shall be bound to pay the value of
the property where the sub-transferee cannot or is not required to return the property.
(3) Any payment declared non-binding shall be returned by the creditor and shall be added to
the debts of the debtor.
(4) The unbalanced commutative contract declared non-binding may no longer be executed.
Where it has been executed, the creditor may only add to the debts of the debtor the true value
of the service provided.
(5) Transfers carried out for valuable consideration declared non- binding shall have no effect
where they have not been executed.
In the case where a transfer has been made, the transferee shall return the property and add his
claim to the debts of the debtor; where there has been a gratuitous sub-transfer, the sub-transferee
shall be bound to return the property without recourse against the body of creditors; where there
has been a sub-transfer for valuable consideration, the sub-transferee shall be bound to return
the property and add his claim to the debts of the debtor where, at the time he purchased the
property, he had knowledge of the non-binding nature of the act of the debtor.
Where the debtor has received all or part of the service of the co-contracting party which cannot
be restored in kind, the creditor shall add the value of the service provided to the debts of the
debtor.
Official translation
Spot-checked
In force from 10 April 1998
Source page 28