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S-30.1 - Act respecting municipal and intermunicipal transit authorities
Section 60
Disposition versions
60. In the case of acquisition by agreement or expropriation of the capital stock of a public transport undertaking, all the property, rights and obligations of such undertaking shall devolve to the transit authority, and the Government, whenever the total amount of the price or indemnity payable for the shares has been paid to those entitled thereto or deposited in accordance with the law, may cancel the charter of the public transport undertaking by order in council. Notice of the passing of such order in council shall be published in the Gazette officielle du Québec and the cancellation shall take effect from the date fixed by the order in council. If there then remain any claims or judicial proceedings pending between such undertaking and third parties, the transit authority, from the cancellation of the charter of such undertaking, shall be in the rights and obligations of such undertaking; upon such cancellation, the transit authority, in all pending cases, shall be substituted for the undertaking, of right, and without proceedings in continuance of suit, and the judgments obtained shall be executory by or against the transit authority, as the case may be.
60. In the case of acquisition by agreement or expropriation of the capital stock of a public transport undertaking, all the property, rights and obligations of such undertaking shall devolve to the corporation, and the Government, whenever the total amount of the price or indemnity payable for the shares has been paid to those entitled thereto or deposited in accordance with the law, may cancel the charter of the public transport undertaking by order in council. Notice of the passing of such order in council shall be published in the Gazette officielle du Québec and the cancellation shall take effect from the date fixed by the order in council. If there then remain any claims or judicial proceedings pending between such undertaking and third parties, the corporation, from the cancellation of the charter of such undertaking, shall be in the rights and obligations of such undertaking; upon such cancellation, the corporation, in all pending cases, shall be substituted for the undertaking, of right, and without proceedings in continuance of suit, and the judgments obtained shall be executory by or against the corporation, as the case may be.
