Definition : Liquidator

A legal or natural person 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 when the co-ownership is terminated.

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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 Code of Québec, which refer to the rules applicable to legal persons concerning their liquidation.The question of putting an end to your co-ownership may one day arise. There are therefore various questions to be asked about this approach. What are the reasons for terminating a co-ownership? What are the modalities and consequences of a dissolution? Answers in this fact sheet!
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