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

T-0.1 - Act respecting the Québec sales tax

Section 324.5
Disposition versions

Full text
324.5. The rules set out in the second paragraph apply where
(1)  for the purpose of satisfying in whole or in part a debt or other obligation owing by a person, a creditor exercises a right under an Act of the Legislature of Québec, another province, the Northwest Territories, the Yukon Territory, Nunavut, or of the Parliament of Canada or an agreement relating to a debt security to cause the supply of property;
(2)  section 323 does not apply to the supply; and
(3)  a receiver, within the meaning assigned by section 310, does not have authority in respect of the property.
The creditor is deemed to have seized the property immediately before the supply and that supply is deemed to have been made by the creditor and not by the person.
1994, c. 22, s. 544; 1997, c. 85, s. 611; 2003, c. 2, s. 331.
324.5. The rules set out in the second paragraph apply where
(1)  for the purpose of satisfying in whole or in part a debt or other obligation owing by a person, a creditor exercises a right under an Act of the Legislature of Québec, another province, the Northwest Territories, the Yukon Territory, or of the Parliament of Canada or an agreement relating to a debt security to cause the supply of property;
(2)  section 323 does not apply to the supply; and
(3)  a receiver, within the meaning assigned by section 310, does not have authority in respect of the property.
The creditor is deemed to have seized the property immediately before the supply and that supply is deemed to have been made by the creditor and not by the person.
1994, c. 22, s. 544; 1997, c. 85, s. 611.
324.5. For the purposes of sections 320 to 324.4 and section 324.6, the rules set out in the second paragraph apply where
(1)  for the purposes of satisfying in whole or in part a debt or other obligation owing by a person, a creditor exercises a right under a debt security to cause the supply of property;
(2)  section 323 does not apply to the supply; and
(3)  a receiver, within the meaning assigned by section 310, does not have authority in respect of the property.
The creditor is deemed to have seized the property immediately before the supply and that supply is deemed to have been made by the creditor and not by the person.
1994, c. 22, s. 544.
© Gouvernement du Québec