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CCQ-1991 - Civil Code of Québec

Section 2750
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2750. Earlier ranking creditors take priority over later ranking creditors when exercising their hypothecary rights.
An earlier ranking creditor may, however, be bound to pay the costs incurred by a later ranking creditor if, after being notified of the exercise of a hypothecary right by the latter, he fails to invoke the priority of his rights within a reasonable time.
1991, c. 64, a. 2750; I.N. 2014-05-01.
2750. Earlier ranking creditors take priority over later creditors when exercising their hypothecary rights.
An earlier ranking creditor may, however, be liable for payment of expenses of a later creditor if, after being notified of the exercise of a hypothecary right by the latter, he delays unreasonably before invoking the priority of his rights.
1991, c. 64, a. 2750.
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