The debtor’s right to the term shall lapse in the following cases: 1. If they are adjudged bankrupt, insolvent, or placed under interdiction. 2. If they fail to provide the agreed security for the debt. 3. If the agreed security for the debt is diminished by an act attributable thereto or by a cause beyond their control, unless they promptly complete it.
Interpretation and application must be checked against the official text and current version.