First Nations Taxation Enforcement Regulations

Marginal note:Effective date of assignment

• 15 (1) No assignment of the taxable property shall be made until the end of the redemption period described in subsection 14(1).

• Marginal note:Assignment of taxable property

  (2) Subject to subsection (3), at the end of the redemption period, the first nation shall assign the taxable property to the highest bidder in the public tender or auction held under subsection 10(1), or to itself as the deemed purchaser under section 12.

• Marginal note:Restriction on assignment

  (3) Taxable property shall not be assigned to any person or entity that would not have been entitled under the Indian Act or the First Nations Land Management Act, as the case may be, to obtain the interest or right constituting the taxable property.

• Marginal note:Registration of assignment

  (4) The tax administrator shall register an assignment of any taxable property assigned in accordance with these Regulations in every registry in which the taxable property is registered at the time of the assignment.