1745. An instalment sale is a sale with a term by which the seller reserves ownership of the property until full payment of the sale price.
A reservation of ownership 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 reservation may be set up against third persons from the date of the sale provided the reservation of ownership is published within seven days. As well, the transfer of such a reservation may be set up against third persons only if it has been published.
1991, c. 64, a. 1745; 1998, c. 5, s. 2; I.N. 2014-05-01; 2023, c. 242023, c. 24, s. 1651; Erratum (2024) 156 G.O. 2, 755.