D-13.1 - Act respecting hunting and fishing rights in the James Bay and New Québec territories

Full text
51.4. For the purposes of the right of first refusal, in the case of a transfer of the assets of an outfitting operation to a creditor realizing on security for the repayment of a debt, the creditor shall, within sixty days after the assets are transferred, submit an application for a transfer of licence in accordance with section 51.
If the interested Native party exercises its right of first refusal, the creditor shall transfer the assets of the outfitting operation to the interested Native party.
1989, c. 40, s. 5.