P-16 - Act respecting the special powers of legal persons

Section 34 Disposition versions

1999-10-22

34. Any legal person without capital stock which does not carry on an enterprise, constituted as a legal person under an Act or by letters patent and empowered to borrow and to hypothecate or any legal person thus constituted outside Québec, if so empowered by its charter or by the law governing it, may, notwithstanding the provisions of the Civil Code, grant a hypothec, even a floating hypothec, on a universality of property, movable or immovable, present or future, corporeal or incorporeal.

In the case of religious communities, seminaries and colleges, such powers may be exercised only with the authorization of the bishop or administrator of the diocese where their head office is located.

R. S. 1964, c. 275, s. 29; 1992, c. 57, s. 648; 1999, c. 40, s. 214.

1994-01-01

34. Any legal person without capital stock which does not carry on an enterprise, constituted as a legal person under an Act or by letters patent and empowered to borrow and to hypothecate or any legal person thus constituted outside Québec, if so empowered by its charter or by the law governing it, may, notwithstanding the provisions of the Civil Code of Québec, grant a hypothec, even a floating hypothec, on a universality of property, movable or immovable, present or future, corporeal or incorporeal.

In the case of religious communities, seminaries and colleges, such powers may be exercised only with the authorization of the bishop or administrator of the diocese where their corporate seat is located.

R. S. 1964, c. 275, s. 29; 1992, c. 57, s. 648.

1977-12-31

34. Any corporation without share capital duly incorporated under an act of the Legislature or by letters patent and empowered to borrow and to hypothecate its immoveable property, and any corporation so constituted outside Québec if so empowered by its charter or the law governing it, shall have the right to exercise the powers set forth in Division VII, and all the provisions of the said division shall apply, mutatis mutandis, to everything done by such corporation under this section.

In the case of religious communities, seminaries and colleges, such powers may be exercised only with the authorization of the bishop or administrator of the diocese where their corporate seat is located.

R. S. 1964, c. 275, s. 29.