D-15.1 - Act respecting duties on transfers of immovables

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4.2.1. Despite the first paragraph of section 4.1, a transferee is not required to pay the transfer duties that would have been otherwise payable by reason of subparagraph a of that paragraph if, at a particular time in the 24-month period following the date of the transfer, the condition relating to the percentage of voting rights is no longer met by reason of 
(a)  the amalgamation of the transferee with one or more legal persons provided the transferor owns shares of the capital stock of the legal person resulting from that amalgamation that, throughout the period that begins immediately after that amalgamation and ends 24 months after the date of the transfer of the immovable, carry at least 90% of the voting rights that may be exercised under any circumstances at the annual meeting of shareholders of that legal person; or
(b)  the dissolution of the transferee.
2017, c. 292017, c. 29, s. 6; 2019, c. 14, s. 36.
4.2.1. Despite the first paragraph of section 4.1, a transferee is not required to pay the transfer duties that would have been otherwise payable as a consequence of the application of that paragraph if, at a particular time in the 24-month period following the date of the transfer, the condition relating to the percentage of voting rights is no longer met by reason of
(a)  the amalgamation of the transferee with one or more legal persons provided the transferor owns shares of the capital stock of the legal person resulting from that amalgamation that, throughout the period that begins immediately after that amalgamation and ends 24 months after the date of the transfer of the immovable, carry at least 90% of the voting rights that may be exercised under any circumstances at the annual meeting of shareholders of that legal person; or
(b)  the dissolution of the transferee.
2017, c. 292017, c. 29, s. 6.