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E-8.1 - Act respecting public elementary and secondary education

Section 392
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392. Where immovables in the territory of a school board are put up for sale for non-payment of school taxes, the school board may bid for and acquire immovables through its chairman or another person authorized by the school board, without being bound to pay the amount of adjudication forthwith.
The school board may also bid for and acquire the immovables at any sheriff’s sale or any other sale having the effect of a sheriff’s sale.
In no case, however, may the bid of the school board exceed the amount of the school taxes in principal, interest and costs, plus a sufficient amount to satisfy any privileged claim of prior or equal rank to the school taxes, in which case the school board shall pay the amount of the adjudication in the same manner as any other bidder.
1984, c. 39, s. 392.
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