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C-53 - Act respecting bills of lading, receipts and transfers of property in stock

Section 11
Disposition versions

Full text
11. A person may, as consideration for a loan or authorized credit, transfer, while retaining possession thereof, any property in stock of his undertaking, whether or not the undertaking deals in goods or services and whether or not it is a commercial undertaking.
“Property in stock” means any moveable property in reserve, including raw materials, property being processed, finished products, animals, wares, property used for packing, and any hydrocarbons or mineral substances, even where such hydrocarbons and mineral substances are still in the ground.
1982, c. 55, s. 2.
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