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CCQ-1991 - Civil Code of Québec

Section 2674
Disposition versions

Full text
2674. A hypothec that charges a universality of property subsists but attaches to property of the same nature which replaces property that has been alienated in the ordinary course of business of an enterprise.
A hypothec that charges certain and determinate property so alienated attaches to the property that replaces it, by the registration of a notice identifying the new property.
If no property replaces the alienated property, the hypothec subsists but attaches only to the sums of money which are proceeds of the alienation, provided they can be identified.
1991, c. 64, a. 2674; I.N. 2014-05-01; I.N. 2015-11-01; 2016, c. 4, s. 304.
2674. A hypothec that charges a universality of property subsists but attaches to property of the same nature which replaces property that has been alienated in the ordinary course of business of an enterprise.
A hypothec on an individual property so alienated attaches to the property that replaces it, by the registration of a notice identifying the new property.
If no property replaces the alienated property, the hypothec subsists but attaches only to the proceeds of the alienation, provided they can be identified.
1991, c. 64, a. 2674; I.N. 2014-05-01; I.N. 2015-11-01.
2674. A hypothec that charges a universality of property subsists but attaches to property of the same nature which replaces property that has been alienated in the ordinary course of business of the enterprise.
A hypothec on an individual property so alienated attaches to the property that replaces it, by the registration of a notice identifying the new property.
If no property replaces the alienated property, the hypothec subsists but attaches only to the proceeds of the alienation, provided they can be identified.
1991, c. 64, a. 2674; I.N. 2014-05-01.
2674. A hypothec on a universality of property subsists but extends to any property of the same nature which replaces property that has been alienated in the ordinary course of business of an enterprise.
A hypothec on an individual property alienated in the same way extends to property that replaces it, by the registration of a notice identifying the new property.
If no property replaces the alienated property, the hypothec subsists but extends only to the proceeds of the alienation, provided they may be identified.
1991, c. 64, a. 2674.
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