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A-32 - Act respecting insurance
Section 394
Disposition versions
394. As soon as the winding-up has been voted by the general meeting, every action or suit against the property of the legal person, particularly by seizure in the hands of a third person, seizure before judgment or seizure in execution, must be suspended.
The costs incurred by a creditor, after he has become aware of the winding-up, particularly through his attorney, shall not be collocated out of the proceeds of the property of the legal person which are distributed in consequence of the winding-up.
A judge of the Superior Court for the district in which the head office of the legal person is situated may, however, upon the conditions that he considers suitable, authorize the instituting of an action or the continuance of any suit commenced.
394. As soon as the winding-up has been voted by the general meeting, every action or suit against the property of the legal person, particularly by seizure by garnishment, seizure before judgment or seizure in execution must be suspended.
The costs incurred by a creditor, after he has become aware of the winding-up, particularly through his attorney, shall not be collocated out of the proceeds of the property of the legal person which are distributed in consequence of the winding-up.
A judge of the Superior Court for the district in which the head office of the legal person is situated may, however, upon the conditions that he considers suitable, authorize the instituting of an action or the continuance of any suit commenced.
394. As soon as the winding-up has been voted by the general meeting, every action or suit against the moveable or immoveable property of the corporation, particularly by seizure by garnishment, seizure before judgment or seizure in execution must be suspended.
The costs incurred by a creditor, after he has become aware of the winding-up, particularly through his attorney, shall not be collocated out of the proceeds of the property of the corporation which are distributed in consequence of the winding-up.
A judge of the Superior Court for the district in which the head office of the corporation is situated may, however, upon the conditions that he considers suitable, authorize the instituting of an action or the continuance of any suit commenced.
