C-47.1 - Municipal Powers Act

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91.1. A local municipality may grant assistance to any 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).
The Municipal Aid Prohibition Act (chapter I-15) does not apply to assistance granted under the first paragraph.
2017, c. 132017, c. 13, s. 142.