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S-25.1 - Act respecting the sociétés d’entraide économique
Section 159
Disposition versions
159. As soon as the resolution becomes effective, every action and every proceeding by way of seizure by garnishment, seizure before judgment or seizure in execution, or otherwise, against the movable or immovable property of the company, must be suspended.
The costs incurred by a creditor after he has had knowledge of the winding-up, particularly by his attorney, cannot be collocated against the proceeds of the property of the company, which are distributed in consequence of the winding-up.
A judge of the Superior Court in the district in which the head office of the company is located may, however, on such conditions as he may deem proper, authorize the institution of a suit or the continuance of any proceedings commenced.
159. As soon as the resolution becomes effective, every action and every proceeding by way of seizure by garnishment, seizure before judgment or seizure in execution, or otherwise, against the moveable or immoveable property of the company, must be suspended.
The costs incurred by a creditor after he has had knowledge of the winding-up, particularly by his attorney, cannot be collocated against the proceeds of the property of the company, which are distributed in consequence of the winding-up.
A judge of the Superior Court in the district in which the corporate seat of the company is located may, however, on such conditions as he may deem proper, authorize the institution of a suit or the continuance of any proceedings commenced.
