Definition : Transfer of a co-owner's voting rights

Additional guarantee in a deed of hypothecary loan, by which a co-owner relinquishes, in favor of his creditor, the voting rights attached to the fraction he has hypothecated. This right is generally exercised by the hypothecary creditor only if the co-owner defaults of his obligations towards the creditor. The voting rights transfer must be notified to the syndicate to preserve its opposability.