CCQ-1991 - Civil Code of Québec

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1774. (Repealed).
1991, c. 64, a. 1774; 2002, c. 19, s. 8.
1774. The person designated to distribute the sale price is bound to prepare a distribution statement and give a copy of it to the creditors named in the seller’s statement. If it is not contested within 20 days of sending, the designated person pays the creditors proportionately to their claims.
If the distribution statement is contested, the designated person withholds from the price whatever amount is necessary to discharge the contested part of the claim until judgment is rendered on the contestation, unless the contesting party is a creditor whose name the seller failed to declare and the seller approves the claim, in which case the creditor participates in the distribution.
1991, c. 64, a. 1774.