C-25 - Code of Civil Procedure

Section 903 Disposition versions

1994-01-01

903. The judge or clerk fixes the reserve price at the market value or appraisal of the property. However, he may, on an application, reduce the reserve price if the circumstances or the market so justify.

In the case of securities that are not listed and traded on a recognized stock exchange, the reserve price must correspond to the appraisal made by an independent accountant.

1965 (1st sess.), c. 80, a. 903; 1992, c. 57, s. 411.

1977-12-31

903. If, having entered the premises, the commissioner receives a declaration of opposition, he must mention it in his minutes and refer the matter immediately to the judge, after having placed guards. The judge decides forthwith if the placing of seals will be continued, restricted or stopped.

1965 (1st sess.), c. 80, a. 903.