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Article 1501 of the French Civil Code

Creditors may not be prejudiced by the distribution of pre-marital liabilities or liabilities arising from successions and gifts. They retain, in all cases, the right to seize the assets that previously formed their pledge. They may even pursue payment against the whole of the community where their debtor’s furniture has been merged into the joint estate and can no longer be identified in accordance with the rules of Article 1402.

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Article 1503 of the French Civil Code

The spouses may agree that they will jointly administer the community. In this case, acts of administration and disposal of community property are made under the joint signature of both spouses and they automatically entail joint and several obligations. Conservatory acts may be made separately by each spouse.

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Article 1511 of the French Civil Code

The spouses may stipulate that the survivor of either of them, or one of them if he or she survives, or even one of them in all cases of dissolution of the community, shall have the option of taking certain community property, on condition that he or she take account of it in the community according to the value it will have on the day of the partition, if it…

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Article 1512 of the French Civil Code

The marriage contract may set valuation bases and terms for payment of any balance. Taking these clauses into account and failing agreement between the parties, the value of the property will be set by the judicial court.

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Article 1513 of the French Civil Code

The right of withdrawal lapses if the beneficiary spouse has not exercised it by notifying the other spouse or his or her heirs within one month of the day on which the latter gave him or her formal notice to take a decision. This formal notice may not itself take place before the expiry of the period provided for in the title: “Estates” for making an inventory and deliberating. .

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Article 1514 of the French Civil Code

The levy is a division transaction: the property levied is set off against the beneficiary spouse’s share; if its value exceeds that share, a balance is payable. The spouses may agree that the compensation due by the levier will be set off subsidiarily against his or her rights in the predeceased spouse’s estate.

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Article 1515 of the French Civil Code

It may be agreed in the marriage contract that the survivor of the spouses, or one of them if he or she survives, shall be entitled to take from the community, before any partition, either a certain sum, certain property in kind, or a certain quantity of a specified species of property.

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Article 1518 of the French Civil Code

When the community is dissolved during the lifetime of the spouses, there is no need to issue the precipitate; but the spouse in whose favour it has been stipulated retains his rights for the event of survival, subject to Article 265. He may require a surety from his spouse as security for his rights.

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