New Quebec Regulation Defining the Movable Property Which May Be Hypothecated by a Natural Person Who Does Not Carry on an Enterprise
Date:
January 19 2009
The Regulation to amend the Regulation respecting the register of personal and movable real rights (Québec) (the "Regulation") was adopted on January 14, 2009 and came into force on January 16, 2009. It amends section 15.02 of the Regulation respecting the register of personal and movable real rights (Québec) (the "RPMRR Regulation") to broaden the definition of movable property which may be hypothecated without delivery by a natural person who does not carry on an enterprise to include, amongst other property, securities, security entitlements, claims, rights resulting from an insurance contract and intellectual property rights, but excluding in all cases property constituting a registered retirement savings plan, a registered retirement income fund, a registered education savings plan or a registered disability savings plan within the meaning of the Taxation Act (Québec).
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