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CCQ-1991 - Civil Code of Québec
Section 2713.1
Disposition versions
2713.1. The requirement that the property be delivered to and held by the creditor in order for a movable hypothec with delivery on a monetary claim to be constituted and set up against third persons may, in the cases provided for in the provisions below, be met by the creditor obtaining control of that claim in accordance with those provisions.
A monetary claim is any claim requiring the debtor to reimburse, return or restore an amount of money or make any other payment in respect of an amount of money, except
(1) a claim represented by a negotiable instrument;
(2) a claim that is a security or security entitlement within the meaning of the Act respecting the transfer of securities and the establishment of security entitlements (chapter T-11.002); and
(3) a claim resulting from the delivery of certain and determinate currency whose repayment, in accordance with the parties’ manifest intention, must be made by restitution of the same currency.
