Civil Transactions Law

1. If the disposition of a debtor whose debts exceed the value of his property is carried out only to unlawfully give priority to one creditor over another, such disposition shall only result in denying the creditor such priority. 2. If a debtor whose debts exceed the value of his property pays the debt of any of his creditors prior to the maturity date of the debt, the other creditors may demand the invalidation of the payment of such debt. However, if the payment is made after the debt’s maturity date, the other creditors may not demand the invalidation of the payment of such debt, unless such payment is done in collusion with said creditor. Civil Transactions Law