Derecho Civil: La tradición de bienes inmuebles y otros sujetos a registro.

Tradition as a method of acquiring ownership of things. Civil Code: ARTICLE 740. DEFINITION OF TRADITION. Tradition is a method of acquiring ownership of things, and consists of the transfer by the owner of the property to another, with the power and intention to transfer ownership, on the one hand, and the capacity and intention to acquire it, on the other. What is said about ownership extends to all other real property rights. Tradition of real estate: ARTICLE 759. REGISTRATION OF THE TRANSFER OF TITLE OF OWNERSHIP. Titles of transfer of ownership that must be registered will not grant or transfer effective possession of the respective right until the registration has been verified under the terms set forth in the title of the registry of public instruments. Tradition of movable property subject to registration (vehicles and motorcycles): ARTICLE 47 NATIONAL LAND TRANSIT CODE: The tradition of ownership of motor vehicles will require, in addition to their physical delivery, their registration with the corresponding transit agency, who will report it to the National Automotive Registry within a term not exceeding fifteen (15) days. Registration with the transit agency must be done within sixty (60) business days following the acquisition of the vehicle.