114. Where the territory of a school board is amalgamated with that of another or totally annexed to that of another, the rights and obligations of the amalgamated school boards or of the annexed school board become the rights and obligations of the new school board resulting from the amalgamation or of the annexing school board.
Where the territory of a school board is carved up as a result of the formation of a new school board or the annexation of part of its territory to the territory of another school board, the school boards concerned shall apportion the rights and obligations of the school board whose territory has been carved up, taking into account(1) the distribution of the school population;
(2) the distribution of the staff;
(3) the geographic location of the school immovables;
(4) the standardized assessment of the taxable immovables, within the meaning of section 345.
The Government shall approve the apportionment with or without amendments, and publish a notice in the Gazette officielle du Québec indicating which school board succeeds to the obligations of the school board whose territory has been carved up.
In the case of transfer of ownership of an immovable, registration is made by deposit of a notice describing the immovable.