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M-1 - Mortmain Act

Section 5
Disposition versions

Full text
5. The authorization shall be granted by means of:
(1)  A special permit issued on the application of a person in mortmain or of a corporation,—conferring on the person in mortmain or the corporation holding the same the capacity required with respect to one or more immoveable properties designated therein; or
(2)  A general permit, issued only on the application of a joint stock corporation incorporated for commercial or other purposes,—conferring upon the corporation holding it the same capacity respecting immoveable property as is possessed by a corporation incorporated by letters patent granted by the Lieutenant-Governor of Québec.
R. S. 1964, c. 276, s. 5.
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