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P-16 - Act respecting the special powers of legal persons

Section 26
Disposition versions

Full text
26. Any legal person in Québec which cannot acquire immovable property, except to a limited amount, under the provisions of its charter or of the law, may, whenever it disposes of or alienates any immovable property belonging to it, apply the price thereof to the acquisition of other immovable property, and also receive the revenues thereof and employ the same for the objects for which it was constituted.
R. S. 1964, c. 275, s. 21; 1999, c. 40, s. 214.
26. Any corporation in Québec which cannot acquire immoveable property, except to a limited amount, under the provisions of its charter or of the law, may, whenever it disposes of or alienates any immoveable property belonging to it, apply the price thereof to the acquisition of other immoveable property, and also receive the revenues thereof and employ the same for the objects for which it was incorporated.
R. S. 1964, c. 275, s. 21.
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