Article 24. Possession, use, and disposal of the common property of spouses

Spouses shall have equal rights to possess, use, and dispose the property being their common joint property.

When either of the spouses concludes a transaction on the disposal of the common property of the spouses, it shall be assumed that he/she acts with the consent of the other spouse.

A transaction performed by either of the spouses on the disposal of the common property of the spouses may be recognized by the court as invalid on grounds of lack of consent of the other spouse only on his/her demand and only in cases where it is proved that the other party to the transaction was aware of or should have known about the dissent of the other spouse from the execution of this transaction.

In order for one of the spouses to perform a transaction on the disposal of common immovable property registered in his/her name, it shall be necessary to obtain a notarized consent of the other spouse. A spouse whose notarized consent to the execution of the transaction was not obtained shall have the right to claim for invalidation of the transaction in court within one year from the date when he/she became aware of or should have learned about the execution of this transaction.