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CCQ-1991 - Civil Code of Québec
Section 1233
Disposition versions
1233. Creditors holding a prior claim or a hypothec on substituted property have, with respect to that property, the rights and remedies conferred on them by law.
The other creditors may cause substituted property to be seized and sold by sale under judicial authority, after discussion of the personal patrimony of the institute. The substitute may oppose the seizure and demand that the seizure and sale be limited to the rights conferred on the institute by the substitution. Failing opposition, the sale is valid; the successful bidder has a good title and the right of action of the substitute is exercisable only against the institute.
1233. Creditors holding a prior claim or a hypothec on substituted property have, with respect to that property, the rights and remedies conferred on them by law.
The other creditors may cause substituted property to be seized and sold by judicial sale, after discussion of the personal patrimony of the institute. The substitute may oppose the seizure and demand that the seizure and sale be limited to the rights conferred on the institute by the substitution. Failing opposition, the sale is valid; the successful bidder has a good title and the right of action of the substitute is exercisable only against the institute.
1233. Creditors holding a preference or hypothec on substituted property have, in respect of that property, the rights and remedies conferred on them by law.
The other creditors may cause substituted property to be seized and sold by judicial sale, after discussion of the personal patrimony of the institute. The substitute may oppose the seizure and demand that the seizure and sale be limited to the rights conferred on the institute by the substitution. Failing opposition, the sale is valid; the purchaser has a good title and the right of action of the substitute is exercisable only against the institute.
