32.1. Section 32 does not apply to hypothecs.
Nor does it apply where the person or agency contemplated in the first paragraph thereof becomes the owner of a classified immovable cultural property by the exercise of a right to take in payment, if all the following conditions are met:
(1) the principal undertaking thereof consists of lending money on real security;
(2) (subparagraph repealed);
(3) the property is not taken as a result of one or several transactions made mainly for the purpose of evading this Act.
1985, c. 24, s. 24; 1992, c. 57, s. 444.