12. Every authorization granted under section 5 or approval granted under section 7 is transferable. However, the transferee is required to first send a notice of transfer to the Minister.
Within 30 days of receiving the notice, the Minister may notify to the transferor and transferee a notice of the Minister’s intention to oppose the transfer. If the Minister does not send such a notice within that time, the transfer is deemed to have been completed.
The Minister’s notice of intention must grant the transferor and transferee at least 15 days to submit their observations.
Within 15 days of receiving the observations or of the expiry of the period for submitting them, the Minister shall notify the Minister’s decision to the transferor and transferee.
Once the transfer of an authorization or an approval has been completed, the new holder has the same rights and obligations as the transferor.
2000, c. 9, s. 12; 2022, c. 82022, c. 8, s. 1441.