Where, upon transfer of a real right in movable property, the parties agree that the transferor continues to be in possession of the movable property, the real right in the movable property becomes effective at the time when such an agreement enters into effect.
Where a real right is created, altered, transferred, or extinguished as a result of a legal document issued by the people’s court or an arbitration institution, or based on an expropriation decision made by the people’s government, the creation, alteration, transfer, or extinguishment of the real right becomes effective at the time when the legal document or expropriation decision enters into effect.
Where a real right is acquired through succession, the real right as inherited becomes effective at the time when the succession opens.
Where a real right is created or extinguished as a result of a de facto act such as lawful construction or demolition of a house, the creation or extinguishment of the real right becomes effective when the de facto act is accomplished.
Where disposition of a real right in immovable property as provided in this Section is required by law to be registered, the disposition of the real right, if not so registered, is not effective.
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