First Nations Taxation Enforcement Regulations

Marginal note:Redemption period

• 14 (1) Within three months after the holding of a public tender or auction in respect of taxable property, the debtor may redeem the taxable property by paying to the first nation the amount of the upset price plus 3%.

• Marginal note:Repayment and notice

  (2) On redemption of the taxable property

  • (a) if the right to an assignment was sold to a bidder in accordance with section 10, the first nation shall without delay repay to that bidder the amount of the bid; and

  • (b) the tax administrator shall notify the Minister in writing of the redemption.