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R-25.02 - Act respecting the Réseau électrique métropolitain

Section 46
Disposition versions

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46. The Act respecting duties on transfers of immovables (chapter D-15.1) does not apply where a transfer of an immovable that is or will be part of the REM has been concluded and the transferee is
(1)  the Fund; or
(2)  a limited partnership, where the Fund, another mandatary of the State or the Government holds 10% or more of the instruments of the partnership’s common stock and the general partner is a business corporation with respect to which the Fund, another mandatary of the State or the Government may exercise 10% or more of the voting rights conferred by the shares issued by that corporation.
The first paragraph does not apply if the purpose of the transfer is to exclude an immovable from the REM.
2017, c. 17, s. 46.
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