This bill amends Civil Code Article 525 and enacts Civil Code Article 520, focusing on the transfer of ownership of movable property, particularly by merchants. Article 520 introduces a new provision that allows a good faith transferee to acquire ownership of a corporeal movable from a transferor who is not the owner, provided that the transferor has possession of the item with the owner's consent, is a merchant selling similar items, and the transfer occurs in the regular course of business. This provision aligns with the Uniform Commercial Code's doctrine of entrustment and aims to protect good faith purchasers while displacing the previous doctrine of equitable estoppel in this context.

Additionally, the bill clarifies the status of registered movables by stating that they are subject to the provisions of the Chapter, reversing the previous language that excluded them from these provisions. This change addresses a gap in the law regarding the transfer of ownership of registered movables, such as motor vehicles, which previously lacked clear guidelines. The bill ensures that the transfer of ownership of such items is governed by the established provisions, despite the complexities introduced by the Vehicle Certificate of Title Law.