9. Every person in continuous, peaceable, public and unequivocal possession, as proprietor, by himself or through his predecessors in title, for at least ten years, of an immoveable situated in the electoral districts of Bonaventure, Gaspé-Nord, Gaspé-Sud and the Îles-de-la-Madeleine, shall, for the purposes of a loan made by the Corporation, be deemed to be the owner of such immoveable and may validly hypothecate it as security for such loan.
R. S. 1964, c. 111, s. 8.