C-35 - Act respecting the Commission municipale

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82. When immovables are put up for sale under the foregoing provisions, the municipality concerned which is in default may bid upon and purchase such immovables through the agency of a person authorized by the Commission, without being obliged to pay the purchase price forthwith.
Bids in the municipality’s name must not, however, in any case, exceed the amount of the taxes in principal, interest and costs, plus a sufficient sum to satisfy every prior or hypothecary claim of a prior or equal rank to that of the taxes owing to the municipality.
R. S. 1964, c. 170, s. 75; 1992, c. 57, s. 505.
82. When immoveables are put up for sale under the foregoing provisions, the municipality concerned which is in default may bid upon and purchase such immoveables through the agency of a person authorized by the Commission, without being obliged to pay the purchase price forthwith.
The bid in the municipality’s name must not, however, in any case, exceed the amount of the taxes in principal, interest and costs, plus a sufficient sum to satisfy every privileged debt of a prior or equal rank to that of the taxes owing to the municipality.
R. S. 1964, c. 170, s. 75.