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CCQ-1991 - Civil Code of Québec

Section 2387
Disposition versions

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2387. Where the payment of an annuity is secured by a hypothec on property that is to be the subject of a sale under judicial authority, the annuitant may not require that the sale be carried out subject to his annuity but, if his hypothec ranks first, he may require the creditor to furnish him with a surety sufficient to ensure that the annuity continues to be paid.
Failure to furnish a surety entitles the annuitant, according to his rank, to receive the capital value of the annuity on the day of collocation or distribution.
1991, c. 64, a. 2387; I.N. 2014-05-01; 2014, c. 1, s. 796.
2387. Where the payment of an annuity is secured by a hypothec on property that is to be the subject of a forced sale, the annuitant may not require that the sale be carried out subject to his annuity but, if his hypothec ranks first, he may require the creditor to furnish him with a surety sufficient to ensure that the annuity continues to be paid.
Failure to furnish a surety entitles the annuitant, according to his rank, to receive the capital value of the annuity on the day of collocation or distribution.
1991, c. 64, a. 2387; I.N. 2014-05-01.
2387. Where the payment of an annuity is secured by a hypothec on property that is to be the subject of a forced sale, the annuitant may not require that the sale be carried out subject to his annuity but if his hypothec ranks first, he may require the creditor to furnish him with sufficient surety to ensure that the annuity continues to be paid.
Failure to furnish a surety entitles the annuitant, according to his rank, to receive the capital value of the annuity on the day of collocation or distribution.
1991, c. 64, a. 2387.
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