9. The State has, for the purpose of securing the payment of dues exigible for the harvest of timber under this Act, a legal hypothec on the timber, even before it is harvested on forest land, by or on behalf of the debtor of such dues, whatever the destination of the timber.
The hypothec shall take effect at the time the timber is delivered to the destination indicated in the permit, and it shall rank from the time it is entered in the register of personal and movable real rights.
For the purposes of the publication of rights, the reference to the number of the forest management unit mentioned in the forest management permit is deemed to be a sufficient description of the encumbered property; the issue of a forest management permit to the same agreement holder in respect of the same forest management unit during each of the years following the year of issue of the first forest management permit is a continuance of the first permit, and the permit so issued each year is deemed to have existed continuously from the date of issue of the first permit.
1986, c. 108, s. 9; 1988, c. 73, s. 1; 1990, c. 17, s. 2; 1992, c. 57, s. 586; 1993, c. 55, s. 41; 1993, c. 55, s. 2; 1999, c. 40, s. 140; 2001, c. 6, s. 2.