Bank transfer : Bank transfer

Definition : Bank transfer

Electronic transfer of funds to an account held by the creditor in a financial institution. In accordance with article 1564 of the Civil Code of Québec, it releases the debtor in the same way as a certified check or any other payment instrument offering similar guarantees.

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17/02/2025

Can the board of directors impose the terms of payment of common charges?

Our declaration provides for the payment of co-ownership fees by twelve post-dated checks. With the arrival of an external manager, two methods are now offered: direct debit (with authorization from the co-owner) or payment by post-dated checks. Three co-owners refuse these options and demand to pay by bank transfer, as…...

Management

Definition : Bank transfer

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Can the board of directors impose the terms of payment of common charges?