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S-18.2.0.1 - Act respecting the Société nationale du cheval de course

Section 12
Disposition versions

Full text
12. The Société may not, except with the authorization of, and in accordance with the terms and conditions determined by, the Government, alienate or encumber
(1)  the immovable described in the deed of sale executed before André Auclair, notary, on 28 May 1998 under No. 26306 of his minutes and registered on 2 June 1998 at the registry office of the registration division of Montréal under No. 5013802, or
(2)  any other immovable designated by the Minister and constructed, acquired or renovated by the Société with funds granted by the Government.
The provisions of the first paragraph apply to a subsidiary of the Société but do not apply to transactions between the Société and a subsidiary, or between subsidiaries.
1999, c. 26, s. 12.
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