C-19 - Cities and Towns Act

Full text
512.1. The council may prescribe that, should the highest bidder fail to pay the amount of his purchase money within the applicable period, the second highest bidder shall be substituted for him as the purchaser, instead of the immovable being put up for sale again.
The council’s decision must also prescribe the terms of such an adjudication, in particular the manner in which the immovable is to be put up for sale again should the second highest bidder be in default of payment within the applicable period.
2024, c. 24, s. 36.