TERMIUM Plus®

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ANEANTIR PRIVILEGE [2 records]

Record 1 2015-02-24

English

Subject field(s)
  • Law of Security
CONT

The taking of security or a promissory note or bill of exchange for, or the taking of any other acknowledgment of, the amount of a lien or any part thereof, or the extension of the time for the payment thereof, or the taking of proceedings for the recovery of a personal judgment therefor, or said judgment, does not merge, prejudice, or destroy the lien unless the lienholder agrees in writing that it has that effect.

French

Domaine(s)
  • Droit des sûretés
CONT

L'obtention d’une sûreté, d’un billet à ordre ou d’une lettre de change pour le montant d’un privilège ou de toute partie de ce montant, l'obtention de toute autre reconnaissance de ce montant ou de cette partie, la prolongation du délai de paiement, l'introduction de procédures afin d’obtenir à cet égard un jugement visant la personne ou ce jugement n’ a pas pour effet d’éteindre le privilège par confusion, de lui porter atteinte ou de l'anéantir à moins que le titulaire du privilège ne consente par écrit à ce que cet effet en résulte.

Spanish

Save record 1

Record 2 2005-05-10

English

Subject field(s)
  • Property Law (common law)
  • Law of Contracts (common law)
OBS

... a secured party that does not fear a debtor double-financing collateral can rely on a simple filing of a financing statement to perfect the security interest and defeat a lien creditor, including a trustee in bankruptcy and debtor in possession.

French

Domaine(s)
  • Droit des biens et de la propriété (common law)
  • Droit des contrats (common law)

Spanish

Save record 2

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