Article 118

Article 118

     PROPERTY BOUGHT ON INSTALLMENTS PAID PARTY FROM EXCLUSIVE FUNDS OF
EITHER OR BOTH SPOUSESAND PARTLY FROM CONJUGAL FUNDS BELONGS   TO OR THE BUYERS BEFORE IF FULL OWNERSHIP WAS VESTED BEFORE THE MARRIAGE AND TO THE CONJUGAL PARTNERSHIP IF SUCH OWNERSHIP  WAS  VESTED DURING THE MARRIAGE. IN EITHER CASE, ANY AMOUNT ADVANCE BY THE PARTNERSHIP OR BY EITHER OR BOTH SPOUSES SHALL BE REIMBURSED BY THE OWNER OR OWNERS UPON LIQUIDATION OF THE PARTNERSHIP. 

EXPLANATION:
Property bought on installments paid partly from exclusive funds of either or both spouses and partly from conjugal funds belongs to the buyer or buyers if full ownership was vested before the marriage and to the conjugal partnership if such ownership was vested during the marriage. In either case, any amount advanced by the partnership or by either or both spouses shall be reimbursed by the owner or owners upon liquidation of the partnership.
Whenever an amount or credit payable within a period of time belongs to one of the spouses, the sums which may be collected during the marriage in partial payments or by installments on the principal shall be the exclusive property of the spouse. However, interests falling due during the marriage on the principal shall belong to the conjugal partnership.



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