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All the operations, initiated by the liquidator after the vote of the co-owners terminating the co-ownership, to collect the receivables and to pay the syndicate of co-owners’ debts, then to reimburse hypothecary debts and prior claims encumbering the fractions and the co-owners contributions.
20/07/2024
The divided co-ownership of a building is not necessarily intended to last for eternity. The end of the co-ownership, and therefore the dissolution and liquidation of the syndicate, is justifiable, for various reasons. The dissolution of a co-ownership leads to a liquidation process. This process is regulated by articles 1108 and 1109 of the Civil…...
20/01/2024
The Civil Code of Quebec, in articles 1098 and 1108, establishes a "double majority" for certain significant decisions of the co-ownership assembly, requiring a consensus in both the number of co-owners and voting rights. Article 1098 of the Civil Code of Quebec deals with major decisions such as changing of use of the…...