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S-18.2 - Act respecting the Société nationale de l’amiante
Section 48
Disposition versions
48. The debts assumed by the Société under section 27 shall be deducted from the indemnity computed pursuant to sections 44 to 46.
The indemnity thus reduced bears interest from the taking of possession by the Société of the expropriated property, at a rate equal to the average rates payable by banks governed by the Bank Act (Revised Statutes of Canada, 1985, chapter B-1) on 90 day term deposits; that rate shall be readjusted every 90 days from the taking of possession to the time the indemnity is paid.
Interest is compounded semi-annually.
48. The debts assumed by the Société under section 27 shall be deducted from the indemnity computed pursuant to sections 44 to 46.
The indemnity thus reduced bears interest from the taking of possession by the Société of the expropriated property, at a rate equal to the average rates payable by banks governed by the Banks Act (Statutes of Canada) on ninety day term deposits; that rate shall be readjusted every ninety days from the taking of possession to the time the indemnity is paid.
Interest is compounded semi-annually.
