M-4 - Master Pipe-Mechanics Act

Section 9 Disposition versions

1999-10-22

9. The Corporation shall possess all the powers required to attain its objects and more generally those which may be exercised by legal persons, and, without in any manner limiting the generality of the terms of this section, it may:

(a)  appear before the courts as plaintiff of defendant;

(b)  acquire and possess any movable property;

(c)  acquire and possess immovable properties in Québec;

(d)  administer, sell, rent, exchange, assign, all or part of its property or otherwise dispose of it;

(e)  undertake obligations and borrow on the credit of the Corporation; hypothecate all or part of its property.

R. S. 1964, c. 155, s. 9; 1992, c. 57, s. 611; 1999, c. 40, s. 173.

1999-04-01

9. The Corporation shall possess all the powers required to attain its objects and more generally those which may be exercised by ordinary corporations, and, without in any manner limiting the generality of the terms of this section, it may:

(a)  Appear before the courts as plaintiff of defendant;

(b)  Acquire and possess any movable property;

(c)  Acquire and possess immovable properties in Québec;

(d)  Administer, sell, rent, exchange, assign, all or part of its property or otherwise dispose of it;

(e)  Undertake obligations and borrow on the credit of the Corporation; hypothecate all or part of its property.

R. S. 1964, c. 155, s. 9; 1992, c. 57, s. 611.

1977-12-31

9. The Corporation shall possess all the powers required to attain its objects and more generally those which may be exercised by ordinary corporations, and, without in any manner limiting the generality of the terms of this section, it may:

(a)  Appear before the courts as plaintiff of defendant;

(b)  Acquire and possess any moveable property;

(c)  Acquire and possess immoveable properties in Québec;

(d)  Administer, sell, rent, exchange, assign, all or part of its property or otherwise dispose of it;

(e)  Undertake obligations as well as borrow on the credit of the corporation and, to secure the fulfilment of these obligations or the reimbursement of its loans, hypothecate, mortgage and pledge all or part of the property of the corporation, present or future, either by deed of hypothecation or by trust deed or in any other manner that it shall deem expedient.

R. S. 1964, c. 155, s. 9.