320. Where the Authority is of the opinion that the value of an immovable property securing a claim of a Québec company or its subsidiary is less than the amount of the loan granted, including accrued and current interest, or where the Authority considers the immovable property to be insufficient security, it may require the company to cause an appraiser approved by it to appraise the property or cause it to be appraised itself. Following the appraisal, the Authority may reduce the book value of the loan or change the book value of the investment of the company in its subsidiary to an amount that in its opinion may be realized on that security.
1987, c. 95, s. 320; 2002, c. 45, s. 611; 2004, c. 37, s. 90.