Consolidated Statutes and Regulations
Consolidated Statutes
Consolidated Regulations
Annual Statutes and Regulations
Annual Statutes
Annual Regulations
Additional information
Québec Official Publisher
What’s new?
Information note
Policy of the Minister of Justice
Laws: Amendments
Laws: Provisions not in force
Laws: Provisions brought into force
Annual Statutes: PDF versions since 1996
Regulations: Amendments
Annual Regulations: PDF versions since 1996
Court Decisions
S-29.01 - Act respecting trust companies and savings companies
Section 162
Disposition versions
162. From the time the winding-up takes effect, every action or suit against the property of the company, particularly by seizure in the hands of a third person, seizure before judgment or seizure in execution, shall be suspended.
The costs incurred by a creditor, after he has become aware of the winding-up, by himself or through his attorney, shall not be collocated out of the proceeds of the property of the company which are distributed by reason of the winding-up.
A judge of the Superior Court for the district in which the head office of the company is situated may, however, upon the conditions that he considers suitable, authorize the institution or continuance of any action or suit.
162. From the time the winding-up takes effect, every action or suit against the property of the company, particularly by seizure by garnishment, seizure before judgment or seizure in execution, shall be suspended.
The costs incurred by a creditor, after he has become aware of the winding-up, by himself or through his attorney, shall not be collocated out of the proceeds of the property of the company which are distributed by reason of the winding-up.
A judge of the Superior Court for the district in which the head office of the company is situated may, however, upon the conditions that he considers suitable, authorize the institution or continuance of any action or suit.
