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C-27.1 - Municipal Code of Québec

Section 1089
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1089. Subject to article 1072, any bond issued by any municipality shall be valid and recoverable to the full amount thereof, notwithstanding its negotiation by such municipality at a rate less than par, and shall not be impeachable for such reason in the hands of a holder for value.
M.C. 1916, a. 781; 1996, c. 2, s. 455.
1089. Subject to article 1072, any bond issued by any municipal corporation shall be valid and recoverable to the full amount thereof, notwithstanding its negotiation by such corporation at a rate less than par, and shall not be impeachable for such reason in the hands of a holder for value.
M.C. 1916, a. 781.
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