S-30.1 - Act respecting municipal and intermunicipal transit authorities

Section 59 Disposition versions

2001-10-09

59. The assumption by the transit authority of the obligations of a public transport undertaking shall be in lieu of all hypothecs relating thereto and encumbering the property of such undertaking, and such hypothecs shall be extinguished.

The cancellation of the registration of such hypothecs is effected by the presentation, for the purposes of cancellation, at the registry office, of a requisition therefor signed by the chairman and by the secretary of the transit authority, attesting that it has acquired the ownership and final possession of the pertinent movable and immovable property, designating the immovable property affected by such registration and specifying the registration numbers of the hypothecs to be cancelled. Such requisition constitutes proof of its contents until proof to the contrary without its being necessary to prove the authority of the signatories.

1977, c. 64, s. 59; 1992, c. 57, s. 530; 1999, c. 40, s. 91; 2000, c. 42, s. 152.

1999-10-22

59. The assumption by the transit authority of the obligations of a public transport undertaking shall be in lieu of all hypothecs relating thereto and encumbering the property of such undertaking, and such hypothecs shall be extinguished.

The cancellation of the registration of such hypothecs is effected by the presentation, for the purposes of cancellation, in the office of the registration division concerned, of a requisition therefor signed by the chairman and by the secretary of the transit authority, attesting that it has acquired the ownership and final possession of the pertinent movable and immovable property, designating the immovable property affected by such registration and specifying the registration numbers of the hypothecs to be cancelled. Such requisition constitutes proof of its contents until proof to the contrary without its being necessary to prove the authority of the signatories.

1977, c. 64, s. 59; 1992, c. 57, s. 530; 1999, c. 40, s. 91.

1994-01-01

59. The assumption by the corporation of the obligations of a public transport undertaking shall be in lieu of all hypothecs relating thereto and encumbering the property of such undertaking, and such hypothecs shall be extinguished.

The cancellation of the registration of such hypothecs is effected by the presentation and deposit, for the purposes of cancellation, in the office of the registration division concerned, of a requisition therefor signed by the chairman and by the secretary of the corporation, attesting that it has acquired the ownership and final possession of the pertinent movable and immovable property, designating the immovable property affected by such registration and specifying the registration numbers of the hypothecs to be cancelled. Such requisition makes prima facie proof of its contents without its being necessary to prove the authority of the signatories.

1977, c. 64, s. 59; 1992, c. 57, s. 530.

1977-12-31

59. The assumption by the corporation of the obligations of a public transport undertaking shall be in lieu of all hypothecs and guarantees relating thereto and encumbering the property of such undertaking, and such hypothecs and guarantees shall be extinguished.

The cancellation of the registration of such hypothecs and guarantees is effected by the presentation and deposit, for the purposes of cancellation, in the office of the registration division concerned, of a requisition therefor signed by the chairman and by the secretary of the corporation, attesting that it has acquired the ownership and final possession of the pertinent moveable and immoveable property, designating the immoveable property affected by such registration and specifying the registration numbers of the hypothecs and guarantees to be cancelled. Such requisition makes primafacie proof of its contents without its being necessary to prove the authority of the signatories.

1977, c. 64, s. 59.