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I-3 - Taxation Act

Section 1055.2
Disposition versions

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1055.2. Despite any inconsistent provision of any law, a corporation may assign or hypothecate the right to claim an amount payable to it under this Act.
The assignment or hypothec is not binding on the State and, as a result, the following rules apply:
(a)  the Minister retains discretion to pay or not to pay the amount to the assignee or creditor;
(b)  the assignment or hypothec does not create any liability of the State to the assignee or creditor; and
(c)  the rights of the assignee or creditor are subject to the rights conferred on the State by section 31 of the Tax Administration Act (chapter A-6.002) and any right to compensation of which the State may avail itself.
2000, c. 39, s. 217; 2006, c. 36, s. 212; 2010, c. 31, s. 175.
1055.2. Despite any inconsistent provision of any law, a corporation may assign or hypothecate the right to claim an amount payable to it under this Act.
The assignment or hypothec is not binding on the State and, as a result, the following rules apply:
(a)  the Minister retains discretion to pay or not to pay the amount to the assignee or creditor;
(b)  the assignment or hypothec does not create any liability of the State to the assignee or creditor; and
(c)  the rights of the assignee or creditor are subject to the rights conferred on the State by section 31 of the Act respecting the Ministère du Revenu (chapter M-31) and any right to compensation of which the State may avail itself.
2000, c. 39, s. 217; 2006, c. 36, s. 212.
1055.2. Notwithstanding any inconsistent provision of any law, a corporation may assign the right to claim any amount payable to it under this Act.
The assignment of an amount referred to in the first paragraph is not binding on the State and, as a result, the following rules apply:
(a)  the Minister retains discretion to pay or not to pay the amount to the assignee;
(b)  the assignment does not create any liability of the State to the assignee; and
(c)  the rights of the assignee are subject to the rights conferred on the State by section 31 of the Act respecting the Ministère du Revenu (chapter M-31) and any right to compensation of which the State may avail itself.
2000, c. 39, s. 217.
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