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When did the ownership of movable property begin to transfer?
Legal basis: Civil Code of People's Republic of China (PRC).
Article 226 Where the creditor has occupied the chattel before the establishment and transfer of the real right of the chattel, the real right shall take effect from the time when the civil juristic act takes effect.
Article 227 Where a third party occupies the chattel before the establishment and transfer of the real right of the chattel, the person who has the obligation to deliver it may request the third party to return the original property through transfer instead of delivery.
Article 228 When the property right of a movable property is transferred, if the parties agree that the transferor will continue to possess the movable property, the property right shall take effect as soon as the agreement takes effect.
Article 595 A sales contract is a contract in which the seller transfers the ownership of the subject matter to the buyer and the buyer pays the price.
Article 641 The parties may stipulate in the sales contract that if the buyer fails to pay the price or perform other obligations, the ownership of the subject matter belongs to the seller. The ownership of the subject matter retained by the seller shall not be opposed to a bona fide third party without registration.
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