C-25 - Code of Civil Procedure

Section 721 Disposition versions

1994-01-01

721. When several immovables or parts of immovables, separately charged with different claims, are sold for one and the same price or when a creditor has some preferable claim upon part only of an immovable by reason of improvements or other cause, the clerk must, if the disposable moneys are insufficient, make a relative valuation to determine the respective value of the immovables or parts of immovables in relation to the value of the whole, and the proportion attributable to each creditor in the amount to be distributed.

1965 (1st sess.), c. 80, a. 721; 1992, c. 57, s. 356, s. 420.

1977-12-31

721. When several immoveables or parts of immoveables, separately charged with different claims, are sold for one and the same price; or when a vendor’s privilege competes for collocation with that of a builder; or when a creditor has some preferable claim upon part only of an immoveable by reason of improvements or other cause, the prothonotary must, if the disposable moneys are insufficient, make a relative valuation to determine the respective value of the immoveables or parts of immoveables in relation to the value of the whole, and the proportion attributable to each creditor in the amount to be distributed.

1965 (1st sess.), c. 80, a. 721.