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C-19 - Cities and Towns Act
Section 536
Disposition versions
536. Whenever immovables situated in the territory of a municipality are sold for municipal or school taxes, the municipality may bid upon and acquire such immovables through the mayor or other person, upon the authorization of the council, without having to immediately pay the amount of the adjudication. The municipality may also bid upon and acquire such immovables, at any sale under judicial authority or other sale having the same effect.
536. Whenever immovables situated in the territory of a municipality are sold for municipal or school taxes, the municipality may bid upon and acquire such immovables through the mayor or other person, upon the authorization of the council, without having to immediately pay the amount of the adjudication. The municipality may also bid upon and acquire such immovables, at any sale under judicial authority or other sale having the same effect.
The bid of the municipality shall not however, in any case, exceed the amount of the taxes, in capital, interest and costs, with an amount sufficient to satisfy any prior or hypothecary claim of a rank prior or equal to that of municipal taxes.
536. Whenever immovables situated in the territory of a municipality are sold for municipal or school taxes, the municipality may bid upon and acquire such immovables through the mayor or other person, upon the authorization of the council, without having to immediately pay the amount of the adjudication. The municipality may also bid upon and acquire such immovables, at any sheriff’s sale or other sale having the same effect as a sheriff’s sale.
The bid of the municipality shall not however, in any case, exceed the amount of the taxes, in capital, interest and costs, with an amount sufficient to satisfy any prior or hypothecary claim of a rank prior or equal to that of municipal taxes.
536. Whenever immovables situated in a city or town are sold for municipal or school taxes, the municipality may bid upon and acquire such immovables through the mayor or other person, upon the authorization of the council, without having to immediately pay the amount of the adjudication. The municipality may also bid upon and acquire such immovables, at any sheriff’s sale or other sale having the same effect as a sheriff’s sale.
The bid of the municipality shall not however, in any case, exceed the amount of the taxes, in capital, interest and costs, with an amount sufficient to satisfy any prior or hypothecary claim of a rank prior or equal to that of municipal taxes.
536. Whenever immoveables situated in a city or town are sold for municipal or school taxes, the municipality may bid upon and acquire such immoveables through the mayor or other person, upon the authorization of the council, without having to immediately pay the amount of the adjudication. The municipality may also bid upon and acquire such immoveables, at any sheriff’s sale or other sale having the same effect as a sheriff’s sale.
The bid of the municipality shall not however, in any case, exceed the amount of the taxes, in capital, interest and costs, with an amount sufficient to satisfy any privileged debts of a rank prior or equal to that of municipal taxes.
