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Décisions des tribunaux
S-30.01 - Act respecting public transit authorities
FrançaisArticle 122.1
Versions de la disposition
122.1. If the transit authority owns fractions representing at least one-third of the relative value of all the fractions of a divided co-ownership, the board of directors of the syndicate of that co-ownership must include a director appointed by the transit authority.
If the transit authority owns fractions representing at least one-half of the relative value of all the fractions of a divided co-ownership, the budget of that co-ownership must be approved by the transit authority. If the budget has not been approved by the first day of the fiscal year for which it was prepared, it must be presented at the first meeting of the board of directors that follows. In such a case, the amounts required for the maintenance and preservation of the immovable until that meeting is held may be incurred by the syndicate of co-owners before such approval.
The provisions of the Act respecting contracting by municipal bodies (chapter C-65.01) apply, with the necessary modifications, to a divided co-ownership referred to in the second paragraph.
