C-25 - Code of Civil Procedure

Section 618 Disposition versions

2009-01-01

618. Uncertificated securities or security entitlements to financial assets are seized through service of a writ of seizure by garnishment on the issuer or on the securities intermediary that maintains the debtor’s securities account.

1965 (1st sess.), c. 80, a. 618; 2008, c. 20, s. 144.

1977-12-31

618. The seizure of shares of the debtor in a company which has its head office in Québec, and whose shares are not listed or traded on a recognized stock exchange, may also be made by seizure by garnishment in the hands of the company that issued them. Such seizure by garnishment prohibits the company from making, completing or entering upon its books any transfer of the shares, and orders it to appear and declare:

(1)  the number of shares upon the books of the company in the name of the debtor, with sufficient particulars to describe them exactly;

(2)  the extent to which the shares are paid up; and

(3)  the dividends declared thereon but not paid.

1965 (1st sess.), c. 80, a. 618.