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S-8 - Act respecting the Société d’habitation du Québec

Section 68.3
Disposition versions

Full text
68.3. The Société may acquire the low-rental housing immovable in preference to any other acquirer, on the conditions and for the prestation indicated in the notice given under section 68.2, less the amount of the subsidies paid by the Société for the construction and operation of the immovable.
Within 60 days of receipt of the notice, the Société must, by registered mail, notify to the owner its intention to exercise its right of pre-emption on the conditions and for the prestation indicated in the notification; if the Société fails to do so, it is deemed to have waived its right of pre-emption.
The Société must, where a hypothec or servitude is to be instituted, notify to the owner, by registered mail, its decision as regards the request for authorization, within 60 days of receipt of the notice.
1991, c. 62, s. 3; 1999, c. 40, s. 273; I.N. 2016-01-01 (NCCP).
68.3. The Société may acquire the low-rental housing immovable in preference to any other acquirer, on the conditions and for the prestation indicated in the notice given under section 68.2, less the amount of the subsidies paid by the Société for the construction and operation of the immovable.
Within 60 days of receipt of the notice, the Société must, by registered mail, inform the owner of its intention to exercise its right of pre-emption on the conditions and for the prestation indicated in the notice; if the Société fails to do so, it is deemed to have waived its right of pre-emption.
The Société must, where a hypothec or servitude is to be instituted, inform the owner, by registered mail, of its decision as regards the request for authorization, within 60 days of receipt of the notice.
1991, c. 62, s. 3; 1999, c. 40, s. 273.
68.3. The Corporation may acquire the low-rental housing immovable in preference to any other acquirer, on the conditions and for the prestation indicated in the notice given under section 68.2, less the amount of the subsidies paid by the Corporation for the construction and operation of the immovable.
Within 60 days of receipt of the notice, the Corporation must, by registered mail, inform the owner of its intention to exercise its right of pre-emption on the conditions and for the prestation indicated in the notice; if the Corporation fails to do so, it is deemed to have waived its right of pre-emption.
The Corporation must, where a hypothec or servitude is to be instituted, inform the owner, by registered mail, of its decision as regards the request for authorization, within 60 days of receipt of the notice.
1991, c. 62, s. 3.
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