Law of Civil Procedure

1.If public interest requires a public endowment to be sold, substituted or transferred, the administrator may do so upon permission by the court where said endowment is located, and shall establish legitimate grounds for selling, substituting or transferring said endowment, provided that the proceeds are used, without delay, to acquire a similar property. 2.If interest dictates disposal of a private endowment by means of sale, exchange, transfer, pledge, borrowing, construction, purchase of a substitute, parceling, merger, lease for more than 10 years or trading in the proceeds thereof –if the price is insufficient to buy a substitute –the administrator may do so upon the competent court permission.