A movable hypothec (hypothèque mobilière) is a security interest over movable property (vehicles, equipment, receivables, inventory) under Quebec law, equivalent to a security interest under PPSA in common law. It can be with or without dispossession and is filed at the RDPRM.
Governed by articles 2696 and following of the Civil Code of Quebec, the movable hypothec lets a creditor secure a debt with movable property owned by the debtor. Without dispossession, the debtor keeps the use of the asset; with dispossession (pledge), the creditor holds it.
To be enforceable against third parties, the movable hypothec must be filed at the RDPRM. Without filing, it is valid between the parties but will not prevail over other creditors or subsequent buyers.
An RDPRM search reveals every movable hypothec filed against a person or a vehicle. Tablix automates this extraction and deduplicates hypothecs filed under multiple business names.
Official source
RDPRM Québec — site officielWorking with these concepts daily?
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