On what property can a person grant a movable hypothec? | ScriptaLegal
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Frequently asked questions > Company > Funding > On what property can a person grant a movable hypothec?

On what property can a person grant a movable hypothec?

In Quebec, unless he carries on a business, an individual can grant a #[movable hypothec]G[443]G# without dispossession only on certain property provided by law, in particular the road vehicles, a caravan, a mobile home, a boat and a watercraft.

Other allowed property are incorporeal property within the meaning of the Quebec Securities Act such as receivables, rights arising from an insurance contract and intellectual property rights.

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In Quebec, the RRSP and the RRIF cannot be given as security.

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