4220

For the purposes of § 4219 of this title, a person desiring to alienate the ownership of an estate held in emphyteusis must give notice thereof to the other co-owner, stating the final price which may be offered to him, or the one for which he desires to alienate his ownership.\nWithin the twenty (20) days following the notice, the co-owner may make use of the right of preemption by paying the price indicated. Should he not do so, he shall lose said right and the alienation may take place.\nHistory —Civil Code, 1930, § 1529.