P-16 - Act respecting the special powers of legal persons

Section 29 Disposition versions

1994-01-01

29. (Repealed).

R. S. 1964, c. 275, s. 24; 1992, c. 57, s. 644.

1977-12-31

29. The rights which such hypothec and mortgage give upon immoveables, and the manner in which they must be registered, shall be governed by the provisions of the Civil Code in the title of Privileges and Hypothecs and that of Registration of Real Rights, and they shall be subject thereto where not derogated from by the provisions of this section.

The mortgaging and pledge of moveables shall confer a privilege upon moveables present and future, ranking immediately after the other privileges on moveables, enumerated in articles 1994, 1994a, 1994b and 1994c of the Civil Code.

Such hypothec, such privilege, such mortgage and such pledge, whether affecting moveables or immoveables, shall take effect only from the date of the registration, in the manner hereinafter provided, of the deed by which they are constituted, (a) in the case of immoveable property being affected, in the registry office of the registration division in which such property is situated; and (b) in the case of moveable property, in the registry office of the registration division in which the company has its head office in Québec, and also in every other division in which it has a place of business.

This registration is effected by deposit.

R. S. 1964, c. 275, s. 24.