1852. The rights resulting from the lease may be published.
Publication is required, however, in the case of rights resulting from a lease, with a term of more than one year, of a road vehicle or other movable property determined by regulation, or of any movable property required for the service or operation of an enterprise, subject, in the latter case, to the exclusions provided by regulation; the rights may be set up against third persons from the date of the lease provided they are published within seven days. A lease with a term of one year or less is deemed to have a term of more than one year if, by the operation of a renewal clause or other covenant to the same effect, the term of the lease may be increased to more than one year.
The transfer of rights under a lease requires or is open to publication, according to whether the rights themselves require or are open to publication.
1991, c. 64, a. 1852; 1998, c. 5, s. 8; I.N. 2014-05-01; 2023, c. 242023, c. 24, s. 1681; Erratum (2024) 156 G.O. 2, 755.