408. Conditions for forfeiture on settlor's bankruptcy.

No one may deal with his own property in such a way as to provide that, in the event of bankruptcy, it is to be distributed differently from the way the law prescribes1. This principle applies not only to a voluntary disposition which may be avoided if made with intent to defraud creditors2, but also to a marriage settlement and any other contract for valuable consideration.

Thus, no one possessed of property may reserve that property to himself, until he should become bankrupt, and provide that on his bankruptcy it should pass to someone other than his creditors3. A provision