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C-27.1 - Municipal Code of Québec

Section 9
Disposition versions

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9. Every municipality may become surety for an institution, a partnership or a legal person devoted to the pursuit of purposes mentioned in the second paragraph of section 8, subparagraph 2 of the first paragraph of section 91 or the first paragraph of section 93 of the Municipal Powers Act (chapter C-47.1). A municipality may also, despite the Municipal Aid Prohibition Act (chapter I-15), become surety for a solidarity cooperative whose articles include a clause prohibiting the allotment of rebates or the payment of interest on any category of preferred shares unless the rebate is allotted or the interest is paid to a municipality, the Union des municipalités du Québec or the Fédération québécoise des municipalités locales et régionales (FQM).
However, a municipality having a population of less than 50,000 shall obtain the authorization of the Minister of Municipal Affairs, Regions and Land Occupancy to become surety for an obligation of $50,000 or more, and a municipality having a population of 50,000 or over shall obtain such an authorization if the obligation that is the object of the surety is in the amount of $100,000 or more.
The Minister may, where his authorization is required, require that the resolution or by-law authorizing the surety be subject to the approval of persons qualified to vote on loan by-laws according to the procedure provided for the approval of the by-laws.
1979, c. 36, s. 3; 1984, c. 38, s. 48; 1994, c. 33, s. 22; 1995, c. 34, s. 27; 1999, c. 43, s. 13; 2003, c. 19, s. 250; 2005, c. 28, s. 196; 2005, c. 6, s. 198; 2009, c. 26, s. 109; 2017, c. 13, s. 82; 2018, c. 8, s. 78.
9. Every municipality may become surety for an institution, a partnership or a legal person devoted to the pursuit of purposes mentioned in the second paragraph of section 8, subparagraph 2 of the first paragraph of section 91 or the first paragraph of section 93 of the Municipal Powers Act (chapter C-47.1). A municipality may also become surety for a solidarity cooperative whose articles include a clause prohibiting the allotment of rebates or the payment of interest on any category of preferred shares unless the rebate is allotted or the interest is paid to a municipality, the Union des municipalités du Québec or the Fédération québécoise des municipalités locales et régionales (FQM).
However, a municipality having a population of less than 50,000 shall obtain the authorization of the Minister of Municipal Affairs, Regions and Land Occupancy to become surety for an obligation of $50,000 or more, and a municipality having a population of 50,000 or over shall obtain such an authorization if the obligation that is the object of the surety is in the amount of $100,000 or more.
The Minister may, where his authorization is required, require that the resolution or by-law authorizing the surety be subject to the approval of persons qualified to vote on loan by-laws according to the procedure provided for the approval of the by-laws.
1979, c. 36, s. 3; 1984, c. 38, s. 48; 1994, c. 33, s. 22; 1995, c. 34, s. 27; 1999, c. 43, s. 13; 2003, c. 19, s. 250; 2005, c. 28, s. 196; 2005, c. 6, s. 198; 2009, c. 26, s. 109; 2017, c. 13, s. 82.
9. Every municipality may become surety for an institution, a partnership or a legal person devoted to the pursuit of purposes mentioned in the second paragraph of section 8, subparagraph 2 of the first paragraph of section 91 or the first paragraph of section 93 of the Municipal Powers Act (chapter C-47.1).
However, a municipality having a population of less than 50,000 shall obtain the authorization of the Minister of Municipal Affairs, Regions and Land Occupancy to become surety for an obligation of $50,000 or more, and a municipality having a population of 50,000 or over shall obtain such an authorization if the obligation that is the object of the surety is in the amount of $100,000 or more.
The Minister may, where his authorization is required, require that the resolution or by-law authorizing the surety be subject to the approval of persons qualified to vote on loan by-laws according to the procedure provided for the approval of the by-laws.
1979, c. 36, s. 3; 1984, c. 38, s. 48; 1994, c. 33, s. 22; 1995, c. 34, s. 27; 1999, c. 43, s. 13; 2003, c. 19, s. 250; 2005, c. 28, s. 196; 2005, c. 6, s. 198; 2009, c. 26, s. 109.
9. Every municipality may become surety for an institution, a partnership or a legal person devoted to the pursuit of purposes mentioned in the second paragraph of section 8, subparagraph 2 of the first paragraph of section 91 or the first paragraph of section 93 of the Municipal Powers Act (chapter C-47.1).
However, a municipality having a population of less than 50,000 shall obtain the authorization of the Minister of Municipal Affairs and Regions to become surety for an obligation of $50,000 or more, and a municipality having a population of 50,000 or over shall obtain such an authorization if the obligation that is the object of the surety is in the amount of $100,000 or more.
The Minister may, where his authorization is required, require that the resolution or by-law authorizing the surety be subject to the approval of persons qualified to vote on loan by-laws according to the procedure provided for the approval of the by-laws.
1979, c. 36, s. 3; 1984, c. 38, s. 48; 1994, c. 33, s. 22; 1995, c. 34, s. 27; 1999, c. 43, s. 13; 2003, c. 19, s. 250; 2005, c. 28, s. 196; 2005, c. 6, s. 198.
9. Every municipality may become surety for an institution, a partnership or a legal person devoted to the pursuit of purposes mentioned in article 8.
However, a municipality having a population of less than 50 000 shall obtain the authorization of the Minister of Municipal Affairs and Regions to become surety for an obligation of $50 000 or more, and a municipality having a population of 50 000 or over shall obtain such an authorization if the obligation that is the object of the surety is in the amount of $100 000 or more.
The Minister may, where his authorization is required, require that the resolution or by-law authorizing the surety be subject to the approval of persons qualified to vote on loan by-laws according to the procedure provided for the approval of the by-laws.
1979, c. 36, s. 3; 1984, c. 38, s. 48; 1994, c. 33, s. 22; 1995, c. 34, s. 27; 1999, c. 43, s. 13; 2003, c. 19, s. 250; 2005, c. 28, s. 196.
9. Every municipality may become surety for an institution, a partnership or a legal person devoted to the pursuit of purposes mentioned in article 8.
However, a municipality having a population of less than 50 000 shall obtain the authorization of the Minister of Municipal Affairs, Sports and Recreation to become surety for an obligation of $50 000 or more, and a municipality having a population of 50 000 or over shall obtain such an authorization if the obligation that is the object of the surety is in the amount of $100 000 or more.
The Minister may, where his authorization is required, require that the resolution or by-law authorizing the surety be subject to the approval of persons qualified to vote on loan by-laws according to the procedure provided for the approval of the by-laws.
1979, c. 36, s. 3; 1984, c. 38, s. 48; 1994, c. 33, s. 22; 1995, c. 34, s. 27; 1999, c. 43, s. 13; 2003, c. 19, s. 250.
9. Every municipality may become surety for an institution, a partnership or a legal person devoted to the pursuit of purposes mentioned in article 8.
However, a municipality having a population of less than 50 000 shall obtain the authorization of the Minister of Municipal Affairs and Greater Montréal to become surety for an obligation of $50 000 or more, and a municipality having a population of 50 000 or over shall obtain such an authorization if the obligation that is the object of the surety is in the amount of $100 000 or more.
The Minister may, where his authorization is required, require that the resolution or by-law authorizing the surety be subject to the approval of persons qualified to vote on loan by-laws according to the procedure provided for the approval of the by-laws.
1979, c. 36, s. 3; 1984, c. 38, s. 48; 1994, c. 33, s. 22; 1995, c. 34, s. 27; 1999, c. 43, s. 13.
9. Every municipality may become surety for an institution, a partnership or a legal person devoted to the pursuit of purposes mentioned in article 8.
However, a municipality having a population of less than 50 000 shall obtain the authorization of the Minister of Municipal Affairs to become surety for an obligation of $50 000 or more, and a municipality having a population of 50 000 or over shall obtain such an authorization if the obligation that is the object of the surety is in the amount of $100 000 or more.
The Minister may, where his authorization is required, require that the resolution or by-law authorizing the surety be subject to the approval of persons qualified to vote on loan by-laws according to the procedure provided for the approval of the by-laws.
1979, c. 36, s. 3; 1984, c. 38, s. 48; 1994, c. 33, s. 22; 1995, c. 34, s. 27.
9. A corporation may also, with the previous authorization of the Minister of Municipal Affairs, stand surety for any institution, society or corporation devoted to the pursuit of purposes mentioned in article 8.
The Minister may require that the resolution or by-law authorizing the surety be subject to the approval of persons qualified to vote on loan by-laws according to the procedure provided for the approval of the by-laws.
1979, c. 36, s. 3; 1984, c. 38, s. 48; 1994, c. 33, s. 22.
9. A corporation may also, with the previous authorization of the Minister of Municipal Affairs, stand surety for any institution, society or corporation whose object is the organization of a recreation centre or a public place for sports and amusements or which is devoted to the promotion of industry, commerce or tourism, or whose object is to organize and promote physical and cultural activities among the residents of the municipality.
The Minister may require that the resolution or by-law authorizing the surety be subject to the approval of persons qualified to vote on loan by-laws according to the procedure provided for the approval of the by-laws.
1979, c. 36, s. 3; 1984, c. 38, s. 48.
9. A corporation may also, with the previous authorization of the Minister of Municipal Affairs and of the Commission municipale du Québec, stand surety for any institution, society or corporation whose object is the organization of a recreational centre or a public place for sports and amusements or that is devoted to the promotion of industry, commerce or tourism, or whose object is to organize and promote physical and cultural activities among the residents of the municipality.
1979, c. 36, s. 3.
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