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C-38 - Companies Act
Section 227.9
Disposition versions
227.9. The alienation of the immovable, other than by expropriation or forced sale, the establishment of emphyteusis on it or a change of its destination must be authorized by the Minister, who may subject such authorization to the conditions the Minister determines.
The first paragraph does not apply to an immovable referred to in section 68.1 of the Act respecting the Société d’habitation du Québec (chapter S-8), or if an immovable is taken in payment or another hypothecary right relating to an immovable is exercised
(1) by a hypothecary creditor whose business is making loans on real security; or
(2) by the Government, the federal government or one of their departments, agencies or bodies, or by a legal person established in the public interest.
