State Act

288

Section 288

Code of Comunidades of 1961

Act no. 2070 of 19611961In forceGoa (State Act)

Art. 288 – Any individual to whom any item of income or expenditure has been awarded by auction he may transmit it to the third party or to the very surety. § 1. The transfer shall be recorded by the clerk of the comunidade in the competent book, with the consent of the managing committee and with new guarantors, when the ones from the auction do not want to guarantee the transfer or these transfers are made to guarantors themselves. § 2. Those who are empowered to bid for auction have also right to be transferees, although, the transferors shall be liable, on a subsidiary basis, to the comunidade for the obligations under the respective contract. § 3. No transfer shall be made by dividing the item during the course of the auction or in the actual declaration of award.