Section 23: Interpretation

23. Interpretation In this Sub-part— “amount payable” means the price of the transfer and the notarial costs of the transfer together with interest at the legal rate for the period starting from the date of the registration of the deed of transfer to the date on which a notice under section 20 (2) is served on a transferee; “notarial costs” means all the costs incurred by a transferee on the transfer of an immovable property by authentic deed; “right of pre-emption” means a right of pre-emption (droit de préemption) exercisable in accordance with section 20; “transfer” means a transfer for valuable consideration of an immovable property. Sub-Part C – Transfer of Shares and Debentures