M-1 - Mortmain Act

Section 4 Disposition versions

1983-04-01

4. The Minister may, on petition:

(1)  Grant to persons in mortmain and to corporations whose capacity in this respect is limited, authorization to acquire and hold immoveable property; and

(2)  Grant to persons in mortmain authorization to alienate and hypothecate their immoveable property when such authorization is required.

Before granting the petition, the Minister shall obtain the opinion of the Inspector General of Financial Institutions.

R. S. 1964, c. 276, s. 4; 1969, c. 26, s. 115; 1975, c. 76, s. 11; 1981, c. 9, s. 24; 1982, c. 52, s. 206; 1982, c. 52, s. 207.

1981-06-18

4. The Minister of Financial Institutions and Cooperatives may, on petition:

(1)  Grant to persons in mortmain and to corporations whose capacity in this respect is limited, authorization to acquire and hold immoveable property; and

(2)  Grant to persons in mortmain authorization to alienate and hypothecate their immoveable property when such authorization is required.

R. S. 1964, c. 276, s. 4; 1969, c. 26, s. 115; 1975, c. 76, s. 11; 1981, c. 9, s. 24.

1977-12-31

4. The Minister of Consumer Affairs, Cooperatives and Financial Institutions may, on petition:

(1)  Grant to persons in mortmain and to corporations whose capacity in this respect is limited, authorization to acquire and hold immoveable property; and

(2)  Grant to persons in mortmain authorization to alienate and hypothecate their immoveable property when such authorization is required.

R. S. 1964, c. 276, s. 4; 1969, c. 26, s. 115; 1975, c. 76, s. 11.