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

Section 30
Disposition versions

Full text
30. (Repealed).
R. S. 1964, c. 275, s. 25; 1992, c. 57, s. 644.
30. It is and always has been lawful for a company falling under the provisions of this division, besides hypothecating, mortgaging and pledging for the purposes therein set forth, to cede and transfer, for the same purposes, the said properties to the trustee, with power, in the event of the failure of the company to fulfil the conditions of the trust deed, to take possession of the properties ceded and transferred and to administer and sell them for the benefit of the bondholders.
The cession and transfer referred to by this section shall be subject to registration in accordance with the rules contained in section 29.
R. S. 1964, c. 275, s. 25.
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