Acts and Regulations

C-13 - Companies Act

Section 152
Disposition versions

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Power to hold realty
152(1)A company may, for its purposes, hold, purchase, take or lease real estate and sell, exchange, mortgage or lease the same.
152(2)A company may hold and deal with real estate acquired by foreclosure or in satisfaction of a debt, but it shall sell and dispose of any such real estate within seven years from the date of its acquisition.
R.S., c.33, s.150; 2002, c.15, s.29
Power to hold realty
152(1)A company may, for its purposes, hold, purchase, take or lease real estate and sell, exchange, mortgage or lease the same.
152(2)A company may hold and deal with real estate acquired by foreclosure or in satisfaction of a debt, but it shall sell and dispose of any such real estate within seven years from the date of its acquisition.
R.S., c.33, s.150; 2002, c.15, s.29