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MIL OSI Translation. Region: Spanish / Latin America / UN –

Source: Chamber of Deputies of Chile

The Chamber of Deputies approved, by 121 votes in favor, seven against and seven abstentions, and forwarded to the Senate, the bill, initiated in motion (bulletin 9.317), which adds a final paragraph to the law on monuments nationals to provide that the owner of a historical monument will enjoy the benefit of an excuse.

The aforementioned benefit -defined in article 148 of the Civil Code-, in simple terms, consists in the power to demand that, before proceeding against family assets, the credit with other debtor’s assets be pursued.

Within that framework, the project proposes, based on the importance of national monuments, to enable the debtor to pay their obligations with other assets and, consequently, leave, if such assets do not satisfy the debt, settle it with the patrimonial asset as the ultimate argument.

The motion, according to its authors, seeks to prevent property assets from having the sad fate of being seized and auctioned off to the highest bidder to pay off their owner’s debts.

This initiative was presented in April 2014 by the UDI Issa Kort, Sergio Gahona, Javier Hernández, María José Hoffmann, Joaquín Lavín and

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.

MIL Translation OSI