Definition : Liquidator

A legal person or an individual having the mission of ensuring the liquidation of the co-ownership, to recover claims and to proceed to the payment of  debts of the syndicate of co-ownership, and then to  the reimbursement of the contributions of the co-owners.

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  The divided co-ownership of an immovable is not necessarily destined to last forever. The termination of the co-ownership, and by the same token the dissolution and liquidation of the syndicate, is a question that will eventually arise for some co-ownerships. Furthermore, its termination is governed by articles 1108 and 1109 of the Civil Code of Québec, which refer to the rules applicable to legal persons concerning their liquidation.
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