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Laws › Civil Act › SECTION 14 Life Annuity

Civil Act — Article 725 (Definition of contract of life annuity)

민법 제725조

A contract of life annuity shall become effective when one of the parties has agreed to deliver money, or other things, periodically to the other party or to a third person, until the end of his or her life or that of the other party or the third person.

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