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C-37.2 - Act respecting the Communauté urbaine de Montréal
Section 291.27
Disposition versions
291.27. In the case of acquisition by agreement or expropriation of the capital stock of a public transport undertaking, the property, rights and obligations of such undertaking shall devolve upon the Société.
The Government may, by order, whenever the total amount of the price or indemnity payable for the shares has been paid to those entitled thereto or deposited according to law cancel the articles of incorporation of the public transport undertaking. The cancellation shall take effect from the date fixed in the order.
If there then remains any claims or judicial proceedings pending between such undertaking and third parties, the Société, from the cancellation of the articles of incorporation of such undertaking, shall be subrogated to the rights and obligations of the undertaking. Upon such cancellation, the Société, in all cases pending, shall be substituted for the undertaking of right and without proceedings in continuance of suit, and the judgments obtained shall be executory by or against the Société, as the case may be.
291.27. In the case of acquisition by agreement or expropriation of the capital stock of a public transport undertaking, the property, rights and obligations of such undertaking shall devolve upon the corporation.
The Government may, by order, whenever the total amount of the price or indemnity payable for the shares has been paid to those entitled thereto or deposited according to law cancel the articles of incorporation of the public transport undertaking. The cancellation shall take effect from the date fixed in the order.
If there then remains any claims or judicial proceedings pending between such undertaking and third parties, the corporation, from the cancellation of the articles of incorporation of such undertaking, shall be subrogated to the rights and obligations of the undertaking. Upon such cancellation, the corporation, in all cases pending, shall be substituted for the undertaking of right and without proceedings in continuance of suit, and the judgments obtained shall be executory by or against the corporation, as the case may be.
