S-30.1 - Act respecting municipal and intermunicipal transit authorities

Section 50 Disposition versions

1999-10-22

50. Before commencing the operation of its passenger transit system or entrusting its operation in accordance with the second paragraph of section 49, the transit authority shall acquire, either by agreement with the authorization of the Minister, or by expropriation, the capital stock or the property of any undertaking or municipality holding a public transport permit operated in whole or for the greater part within the territory under the jurisdiction of the transit authority.

For the purposes of this section, “property” means the assets used exclusively for the operation of a public transit system or of another passenger transit system.

1977, c. 64, s. 50; 1999, c. 40, s. 91.

1977-12-31

50. Before commencing the operation of its passenger transit system or entrusting its operation in accordance with the second paragraph of section 49, the corporation shall acquire, either by agreement with the authorization of the Minister, or by expropriation, the capital stock or the moveable and immoveable property of any undertaking or municipality holding a public transport permit operated in whole or for the greater part within the territory under the jurisdiction of the corporation.

For the purposes of this section, “moveable and immoveable property” means the assets used exclusively for the operation of a public transit system or of another passenger transit system.

1977, c. 64, s. 50.