CCQ-1992 - Act respecting the implementation of the reform of the Civil Code

Section 159 Disposition versions

1999-04-01

159. A single notice is sufficient if the movable security for which publication is to be renewed has been published, in accordance with the former legislation, in several registration divisions. In this case, the notice mentions the various registration divisions and indicates the respective registration dates and numbers of the security.

Notwithstanding the second paragraph of article 3007 of the new Code, the registrar may, in the 15 months following 1 January 1994, and if circumstances so require, give priority to applications for registration which are not in the form of a notice of renewal. Any statement of rights registered in the register of personal and movable real rights must indicate the specific dates of certification for each registration.

The registrar is bound, under article 3017 of the new Code, to notify only those creditors whose rights are registered in the register of personal and movable real rights and who have requested registration of their address for the purpose of notification.

1992, c. 57, s. 159.