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A fund that was intended, in a divided co-ownership, for the accumulation of reserves for major expenses that were not imminent but foreseeable in the more distant future. Before the Civil Code of Quebec came into force in 1994, most declarations of co-ownership contained provisions on the reserve fund. It was common for a co-ownership to have a "reserve fund", although the Civil Code of Lower Canada was silent on this issue. With the coming into force of the Civil Code of Quebec in 1994, the Quebec legislature introduced the obligation for any syndicate of co-owners to establish a contingency fund.