CCQ-1991 - Civil Code of Québec

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2385. The substitution releases the debtor or the owner of the immovable charged as security for the payment of the annuity, upon payment of the required capital; it binds the insurer towards the annuitant and, as the case may be, entails the extinction of the hypothec securing the payment of the annuity.
1991, c. 64, a. 2385.