C-27.1 - Municipal Code of Québec

Section 1049 Disposition versions

1999-04-01

1049. If the immovable sold does not exist, the purchaser is merely entitled to recover the sum paid by him, with interest at the rate of 15% per annum provided that not more than three years’ interest be paid.

If the adjudication or sale is declared null on any action brought to set aside the same, or in any other cause or contestation, the purchaser can exact only repayment of the purchase money paid by him, together with the cost of necessary repairs and of improvements which have increased the value of the immovable, up to such value, unless he prefers to remove the same, with interest upon the whole amount at the rate of 10% per annum.

M.C. 1916, a. 746; 1929, c. 88, s. 23.