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D-13.1 - Act respecting hunting and fishing rights in the James Bay and New Québec territories
Section 51.5
Disposition versions
51.5. In the cases referred to in sections 51.1 to 51.4, the Cree Nation Government, the Naskapi Landholding Corporation or the Makivik Corporation and any person subject to the right of first refusal of the Native people shall determine the value of the assets of the outfitting operation or the value of the interests of the partners or shares of the shareholders in respect of which the right of first refusal of the Native people may be exercised.
The said value shall be determined by agreement between the interested parties or, if there is no agreement, by an evaluator appointed in accordance with section 51.7.
The period of four months referred to in the seventh paragraph of section 51 to inform the Coordinating Committee that a Native party intends to operate the outfitting operation referred to in the application for transfer is computed from the date on which the value of the assets of the outfitting operation or the value of the interests of the partners or shares of the shareholders that are subject to the right of first refusal is determined.
51.5. In the cases referred to in sections 51.1 to 51.4, the Cree Regional Authority, the Naskapi Landholding Corporation or the Makivik Corporation and any person subject to the right of first refusal of the Native people shall determine the value of the assets of the outfitting operation or the value of the interests of the partners or shares of the shareholders in respect of which the right of first refusal of the Native people may be exercised.
The said value shall be determined by agreement between the interested parties or, if there is no agreement, by an evaluator appointed in accordance with section 51.7.
The period of four months referred to in the seventh paragraph of section 51 to inform the Coordinating Committee that a Native party intends to operate the outfitting operation referred to in the application for transfer is computed from the date on which the value of the assets of the outfitting operation or the value of the interests of the partners or shares of the shareholders that are subject to the right of first refusal is determined.
