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Justinian I · The Digest of Justinian §42.7.5.pr

Private Estate Sale and Rights of a Subsequent Creditor

Passage 7001 of 9271 · Latin

Summary

On whether a new creditor who appears after the other creditors have privately chosen a curator to sell the debtor's assets has an action against the curator, and on his right to sell the property together with the curator for proportional distribution.

[IULIANUS libro quadragensimo septimo digestorum. ] §42.7.5.prSi debitor foro cesserit et creditores priuato consilio coierint et elegerint unum, per quem bona distrahantur et portio ipsis, quae ex redacto fieret, solueretur, mox exstiterit alius, qui se creditorem dicat: nullam quidem actionem aduersus curatorem habebit, sed bona debitoris una cum curatore uendere poterit, ita ut, quae a curatore et a creditore ex bonis contrahantur, omnibus pro portione praestarentur.
[IULIANUS, Digest, Book 47] If a debtor becomes insolvent and the creditors meet by private agreement and choose one person through whom the property is to be sold and the share that would arise from the proceeds is to be paid to them, and subsequently another person appears who claims to be a creditor: he will indeed have no action against the curator, but he will be able to sell the debtor's property together with the curator, so that what is realized from the assets by the curator and by the creditor shall be distributed to everyone in proportion.

Notes

  1. §42.7.5.prforo cesserit — The phrase foro cedere (literally "to withdraw from the forum") is an idiomatic expression in Roman law meaning "to become insolvent" or "to go bankrupt."
  2. §42.7.5.prcuratorem — The term curator here refers not to a publicly appointed curator of goods, but to the agent chosen by the private agreement of the creditors (unum per quem...).
  3. §42.7.5.prquae ... contrahantur — The phrase ex bonis contrahere refers to what is "collected" or "realized" from the assets through sale or recovery by the curator and the new creditor.

Cite this passage

Justinian I, The Digest of Justinian §42.7.5.pr. Humanitext Reader, https://reader.humanitext.ai/en/text/urn:cts:latinLit:phi2806.phi002.humanitext-lat1:42.7.5.pr

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