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C-38 - Companies Act
Section 227.10
Disposition versions
227.10. The application for authorization must contain the name and domicile of the legal person, a description of the immovable, the total amount obtained under any assistance referred to in section 227.7 and a certified statement from the Land Registrar of the charges encumbering the immovable. In the case of an alienation or the establishment of emphyteusis, the application must also state the nature and conditions of the juridical act contemplated, the name of the future acquirer, assignee or beneficiary, and the sale price of the immovable; in the case of a change of destination, it must specify the proposed new destination.
On receiving an application for authorization, the Minister shall inform the Réseau québécois des organismes sans but lucratif d’habitation and, if applicable, the federation of non-profit housing organizations operating in the region where the immovable is located, which have 30 days to submit their observations.
In analyzing the application, in addition to the elements specified in the first paragraph, the Minister takes into account the impact of the act contemplated on the social or community destination of the immovable and the observations submitted by the community sector.
