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D-13.1 - Act respecting hunting and fishing rights in the James Bay and New Québec territories
Section 51.3
Disposition versions
51.3. For the purposes of the right of first refusal, in the case of a transfer of the assets of an outfitting operation made at the time of a sale under judicial authority or a sale by a trustee in bankruptcy, a liquidator or a sequestrator, the acquirer shall, within sixty days after the sale, submit an application for a transfer of licence, in accordance with section 51.
If the interested Native party exercises its right of first refusal, the acquirer shall transfer the assets of the outfitting operation to the interested Native party for an amount equal to the sale price and costs plus 10%.
51.3. For the purposes of the right of first refusal, in the case of a transfer of the assets of an outfitting operation made at the time of a judicial sale or a sale by a trustee in bankruptcy, a liquidator or a sequestrator, the acquirer shall, within sixty days after the sale, submit an application for a transfer of licence, in accordance with section 51.
If the interested Native party exercises its right of first refusal, the acquirer shall transfer the assets of the outfitting operation to the interested Native party for an amount equal to the sale price and costs plus 10%.
