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S-30.01 - Act respecting public transit authorities
Section 92.0.4
Disposition versions
92.0.4. The owner of an immovable in respect of which a notice of the transit authority’s pre-emptive right has been issued may not, on pain of nullity, alienate the immovable if the owner has not notified a notice to the transit authority of the owner’s intention to alienate the immovable.
The owner’s notice must state the price of the proposed alienation, the conditions to which it is subject, and the name of the person who intends to acquire the immovable. If the immovable is to be alienated, in whole or in part, for non-monetary consideration, the notice must include a reliable and objective estimate of the value of that consideration.
The first and second paragraphs do not apply to an alienation made for the benefit of a person related to the owner within the meaning of the Taxation Act (chapter I-3) or for the benefit of a public body within the meaning of the Act respecting Access to documents held by public bodies and the Protection of personal information (chapter A-2.1).
