181. When a railway company, subject to the authority of Québec, has become insolvent; or has not complied with the requirements of its charter, as regards the commencement or completion of its works within the time specified; or does not, in an efficient manner, continue the undertaking, running, operating or working of the road or any part thereof for more than ten days; or has become incapable of so doing; the Government may, at any time, authorize the Minister of Transport to cause the railway, the road-bed, and all the rolling-stock and equipment thereof to be sequestrated or sold.
R. S. 1964, c. 290, s. 198; 1972, c. 55, s. 115.