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M-13.1 - Mining Act
Section 123.1
Disposition versions
123.1. A lessee or grantee may not transfer his right before the financial guarantee has been provided in accordance with section 232.4, 232.5 or 232.7.
Any transfer of a lease or concession in contravention of the first paragraph is null and void.
This section does not apply to a transfer having occurred under the Companies’ Creditors Arrangement Act (R.S.C. 1985, c. C-36) or the Bankruptcy and Insolvency Act (R.S.C. 1985, c. B-3).
