13. The Order may acquire, administer, sell, lease, exchange or cede movable and immovable property situated in Québec. Notwithstanding the provisions of the Civil Code, it may hypothecate, mortgage or pledge, while retaining possession thereof, movable and immovable property, present and future, to secure the payment of the bonds or securities issued by it, give a part only of such guarantees for the same objects, and constitute such hypothec, mortgage or pledge by trust deed, in accordance with the Special Corporate Powers Act (chapter P-16).
It must dispose, within a reasonable time, of immovables which, for a period of five consecutive years, have not been used for the pursuit of its objects.
R. S. 1964, c. 262, s. 12; 1973, c. 60, s. 11; 1983, c. 14, s. 2.