Definition : Notice of closure

Notice, the object of which is to announce the termination of the liquidation of the syndicate. This is the final stage in the dissolution of the syndicate.

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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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