Acts and Regulations

N-4.05 - New Brunswick Community Colleges Act

Section 37
Disposition versions

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Acquisition and disposal of real property
37(1)Subject to the approval of the Minister, each corporation may purchase, lease or otherwise acquire, hold, improve and maintain real property.
37(2)Subject to the approval of the Minister, each corporation may lease, sell or otherwise dispose of real property.
37(3)Despite subsections (1) and (2), a corporation does not require the approval of the Minister to enter into or to grant a lease for a term of less than 3 years.
Acquisition and disposal of real property
37(1)Subject to the approval of the Minister, each corporation may purchase, lease or otherwise acquire, hold, improve and maintain real property.
37(2)Subject to the approval of the Minister, each corporation may lease, sell or otherwise dispose of real property.
37(3)Despite subsections (1) and (2), a corporation does not require the approval of the Minister to enter into or to grant a lease for a term of less than 3 years.