3069. Registration of rights extinguished by the exercise of hypothecary rights, by sale under judicial authority or by definitive sale of the property for failure to pay property taxes is cancelled following registration of the sale or of the taking in payment. All registrations of, as applicable, notices of execution minutes of seizure, notices and prior notices of sale, notices of intention to pursue a remedy or the exercise of a right and notices requiring abandonment of the taking in payment under the Book on Prior Claims and Hypothecs are thereupon cancelled by the registrar.
Where the sale is not proceeded with, registration of notices of execution minutes of seizure and notices is cancelled only upon the filing of a certificate evidencing that fact issued by bailiff, by the person designated to conduct the sale or, if applicable, by the court clerk.
Applications for cancellation in the land register of the registrations referred to in this article may be in the form of a summary of the document.
1991, c. 64, a. 3069; 1992, c. 57, s. 716; 2000, c. 42, s. 83; I.N. 2014-05-01; 2014, c. 1, s. 810.