According to Article 307 of the Civil Code of People's Republic of China (PRC)? Creditor's rights and debts arising from real estate or chattel owned by * * *, in foreign relations, some people of * * * enjoy joint creditor's rights and bear joint debts, unless otherwise stipulated by law or a third party knows that some people of * * * do not have joint creditor's rights and debts;
In the internal relations of * * *, unless otherwise agreed by * * *, some people enjoy the creditor's rights and bear the debts with their shares, while others enjoy the creditor's rights and bear the debts with * * * *. The owner who has paid off more than his share of debts has the right to recover from other owners.
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Article 406 of the Civil Code of People's Republic of China (PRC)? During the mortgage period, the mortgagor may transfer the mortgaged property. Unless otherwise agreed by the parties, such agreement shall prevail. If the mortgaged property is transferred, the mortgage right will not be affected.
Where the mortgagor transfers the mortgaged property, it shall promptly notify the mortgagee. If the mortgagee can prove that the transfer of the mortgaged property may damage the mortgage right, he may require the mortgagor to pay off the debt or deposit the proceeds of the transfer in advance with the mortgagee. The part of the transfer price exceeding the amount of creditor's rights belongs to the mortgagor, and the insufficient part is paid off by the debtor.
China People's Congress Network-People's Republic of China (PRC) Civil Code