C-26 - Professional Code

Section 29 Disposition versions

1994-10-15

29. A professional order may hypothecate its movable or immovable property to secure payment of the obligations or securities it issues.

It must dispose within a reasonable time of immovables which have not been used for a period of seven consecutive years in the pursuit of its objects.

1973, c. 43, s. 29; 1992, c. 57, s. 481; 1994, c. 40, s. 25.

1994-01-01

29. A professional corporation may hypothecate its movable or immovable property to secure payment of the obligations or securities it issues.

It must dispose within a reasonable time of immovables which have not been used for a period of seven consecutive years in the pursuit of its objects.

1973, c. 43, s. 29; 1992, c. 57, s. 481.

1977-12-31

29. Notwithstanding the Civil Code, a corporation may hypothecate, mortgage or pledge present and future moveable and immoveable property, while retaining possession thereof, to secure payment of the bonds or securities it issues, give part only of such guarantees for the same purposes, and constitute such a hypothec, mortgage or pledge by trust deed, in accordance with the Special Corporate Powers Act (chapter P-16).

It must dispose within a reasonable time of immoveables which have not been used for a period of seven consecutive years in the pursuit of its objects.

1973, c. 43, s. 29.