Specify movable hypothec deed for universality of property? | ScriptaLegal
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Frequently asked questions > Company > Funding > What does the deed of movable hypothec have to specify in the case of a universality of movable property?

What does the deed of movable hypothec have to specify in the case of a universality of movable property?

In Quebec, if it is about a universality of movable property, the deed of movable hypothec must indicate the nature of this entire category of property.

The movable hypothec which is a charge over a universality of property carries itself over the property of the same nature which replaces the one that was alienated in the course of the activities of the business.

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The movable hypothec which is a charge over a universality of property subsists, in spite of the loss of the hypothecated property, when the debtor or the constituent replaces it within a reasonable time limit.

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