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C-27.1 - Municipal Code of Québec

Section 1038
Disposition versions

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1038. When immovables situated in the territory of a local municipality are put up for sale for municipal or school taxes, the municipality may bid for and purchase such immovables through the mayor or another person, on the authorization of the council, without being held to pay forthwith the amount of the purchase money. The municipality may also bid for and purchase such immovables at any sale under judicial authority or at any sale having the same effect.
The bid of the municipality must not 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 municipal taxes.
M.C. 1916, a. 737; 1935, c. 108, s. 10; 1982, c. 63, s. 64; 1992, c. 57, s. 492; 1996, c. 2, s. 424; I.N. 2016-01-01 (NCCP).
1038. When immovables situated in the territory of a local municipality are put up for sale for municipal or school taxes, the municipality may bid for and purchase such immovables through the mayor or another person, on the authorization of the council, without being held to pay forthwith the amount of the purchase money. The municipality may also bid for and purchase such immovables at any sheriff’s sale or at any sale having the effect of a sheriff’s sale.
The bid of the municipality must not 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 municipal taxes.
M.C. 1916, a. 737; 1935, c. 108, s. 10; 1982, c. 63, s. 64; 1992, c. 57, s. 492; 1996, c. 2, s. 424.
1038. When immovables situated in a municipality are put up for sale for municipal or school taxes, the municipality may bid for and purchase such immovables through the mayor or another person, on the authorization of the council, without being held to pay forthwith the amount of the purchase money. The municipality may also bid for and purchase such immovables at any sheriff’s sale or at any sale having the effect of a sheriff’s sale.
The bid of the municipality must not 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 municipal taxes.
M.C. 1916, a. 737; 1935, c. 108, s. 10; 1982, c. 63, s. 64; 1992, c. 57, s. 492.
1038. When immovables situated in a municipality are put up for sale for municipal or school taxes, the municipality may bid for and purchase such immovables through the mayor or another person, on the authorization of the council, without being held to pay forthwith the amount of the purchase money. The municipality may also bid for and purchase such immovables at any sheriff’s sale or at any sale having the effect of a sheriff’s sale.
The bid of the municipality must not exceed the amount of the taxes, in principal, interest and costs, plus a sufficient sum to satisfy every privileged claim of a prior or equal rank to that of municipal taxes.
M.C. 1916, a. 737; 1935, c. 108, s. 10; 1982, c. 63, s. 64.
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