2799. An immovable hypothec is extinguished not later than 30 years after the date of its registration or registration of a notice giving it effect or renewing it.
This rule does not apply in the case of hypothecs securing the price of emphyteusis, a rent constituted for the price of an immovable, a life annuity or a usufruct for life, hypothecs given in favour of La Financière agricole du Québec or the Société d’habitation du Québec, or hypothecs in favour of a hypothecary representative for present or future creditors to secure performance of the obligations of a legal person, partnership or trustee.
1991, c. 64, a. 2799; 2000, c. 42, s. 8; 2000, c. 53, s. 67; 2015, c. 8, s. 363.