51. Without the authorization of the Régie, no immovable comprising or having comprised, in the ten years preceding the application for authorization, at least one dwelling may be converted to divided co-ownership.
Conversion is prohibited if the immovable is owned by a housing cooperative, a non-profit organization or a municipal housing corporation and was built, acquired, restored or renovated within the scope of a government housing-assistance program.
Conversion is prohibited in the municipalities of the Communauté urbaine de Montréal, unless an exception is granted pursuant to section 54.12 by a resolution of the council of the municipality in which the immovable is situated. In any other municipality, conversion may be restricted or made subject to certain conditions by a by-law adopted pursuant to section 54.13. This paragraph does not apply to an immovable in which all the dwellings are occupied by undivided co-owners.
1979, c. 48, s. 51; 1987, c. 77, s. 2.