1750. A sale with a right of redemption is a sale under a resolutory condition by which the seller transfers ownership of property to the buyer while reserving the right to redeem it.
A right of redemption with respect to a road vehicle or other movable property determined by regulation, or with respect to any movable property acquired for the service or operation of an enterprise, may be set up against third persons only if it has been published; the right of redemption may be set up against third persons from the date of the sale provided the right is published within seven days. As well, the transfer of such a right of redemption may be set up against third persons only if it has been published.
1991, c. 64, a. 1750; 1998, c. 5, s. 4; I.N. 2014-05-01; 2023, c. 242023, c. 24, s. 1661; Erratum (2024) 156 G.O. 2, 755.