3003. Where a hypothec is transferred by subrogation or assignment, the subrogation or assignment is published in the land register or in the register of personal and movable real rights, according to the immovable or movable nature of the hypothec.
A certified statement of registration must be furnished to the debtor, together with the application for registration in the case of registration in the land register and, if such application is in the form of a summary, the accompanying document.
If these formalities are not complied with, the subrogation or assignment may not be set up against a subsequent assignee who has complied with them.
1991, c. 64, a. 3003; 2000, c. 42, s. 42; I.N. 2014-05-01.