Remission of past contracts

Article 1650 – Remission of past contracts The contracts of assignment of the past, existing the date of the promulgation of this Code, may be redeemed by the interest payer, on the following terms: 1. Where the period agreed is fixed and does not exceed twenty years, the redemption may be made at the end of the agreed period; 2. Where it is agreed for more than twenty years, it may be redeemed at the end of this period; 3. Where in the agreement, there is no stipulation of time and twenty years have lapsed, redemption may be made only at the end of this period; 4. In the case of the preceding clause, where the period of twenty years has elapsed before the promulgation of this code, the redemption may be made at any time by the interest payer.