(Closing of Accounts)
Article 235-5.
The annual accounts of the ordinary local public body shall be closed on the thirty-first day of May each year.
Section VIII. Prescription
(Extinctive Prescription)
Article 236.
Pecuniary claims of, or to, the ordinary local public body shall be extinguished by prescription, unless enforced within five years, except otherwise provided by other laws.
2.
Extinctive prescription for pecuniary claims of, or to, the ordinary local public body shall operate without being invoked, and the right to invoke it may not be waived, unless otherwise provided by law.
3.
The Civil Code (Law No. 89 of 1896) shall apply mutatis mutandis where there is no applicable provision in other laws, with respect to interruption, suspension or other matters (except those prescribed in the preceding paragraph) of extinctive prescription for pecuniary claims of, or to, the ordinary local public body.
4.
A notice or reminder of payment issued by the ordinary local public body in accordance with law shall have the force of interrupting prescription, notwithstanding the provisions of Article 153 of the Civil Code. This shall also apply, where the Civil Code applies on the strength of the preceding paragraph.
Section IX. Property
(property)
Article 237.
The term "property" in this law shall include public property, movables and claims and funds.
2.
Except where paragraph 1 of Article 238-4 is applicable, property of the ordinary local public body may not be exchanged, invested or offered as a means of payment or transferred or leased without consideration, unless authorized by bylaw or resolution of the assembly.
3.
No property of the ordinary local public body may be left in trust unless the provisions of paragraph 2 of Article 238-5 apply to any such property and the assembly shall, by resolution, have approved the leaving of the same in trust.
