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D-7 - Act respecting municipal debts and loans
Section 15.2
Disposition versions
15.2. Where a municipality effects a loan in a foreign country, it may elect domicile in that country or elsewhere, for the purposes of receiving a notice or proceeding respecting that loan.
In the same circumstances, the municipality may order that the securities issued by it or the contracts entered into by it in a foreign country for the purposes of the loan be governed by the law of that country, provided that the statutes of Québec respecting municipal loans are complied with.
15.2. Where a municipal corporation effects a loan in a foreign country, it may elect domicile in that country or elsewhere, for the purposes of receiving a notice or proceeding respecting that loan.
In the same circumstances, the municipal corporation may order that the securities issued by it or the contracts entered into by it in a foreign country for the purposes of the loan be governed by the law of that country, provided that the statutes of Québec respecting municipal loans are complied with.
