1023. An undivided co-owner having caused his address to be registered at the registry office may, within 60 days of being notified of the intention of a creditor to sell the share of an undivided co-owner or to take it in payment of an obligation, be subrogated to the rights of the creditor by paying him the debt of the undivided co-owner, with costs.
An undivided co-owner not having caused his address to be registered has no right of redemption against a creditor or the successors of the creditor.