Thursday, September 09, 2010
The failure of
corporations or non-resident persons to obtain Executive Council approval to
acquire an interest in land (i.e. through purchase, lease, transfer, share
purchase, rental arrangement etc.) pursuant to sections 4, 5 or 5.3 of the
Lands Protection Act,
constitutes a contravention of the
Act and is liable to a penalty imposed by
the Commission of not more than $10,000.
The Island Regulatory and Appeals Commission
Posted: 2010/01/19
TO: CORPORATIONS AND NON-RESIDENT PERSONS
ACQUIRING AN INTEREST IN LAND IN PRINCE EDWARD ISLAND
Telephone (902) 892-3501
Toll Free 1-800-501-6268
Fax (902) 566-4076
e-mail:
irac@irac.pe.ca
website:
www.irac.pe.ca
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