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C-27.1 - Municipal Code of Québec
Section 13
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13. The alienation of the immovable is not subject to any special formality and does not require the approval of the Commission municipale du Québec.
Notwithstanding the foregoing, the alienation or leasing of the immovable for a price lower than the cost price of the immovable for the corporation requires the prior approval of the Minister of Municipal Affairs.
The Minister of Municipal Affairs may make regulations to prescribe the mode of computing the cost price of an immovable, which may differ according to such cases as he may determine. The regulations may also specify the cases in which it is not necessary to compute the cost price; in such a case, prior approval of the Minister is not required. The regulations come into force on the day of their publication in the Gazette officielle du Québec or on any later date fixed therein.
