Part 6 — Finance and Property Division 1 Finance
148 Notice of assessability by corporation or cooperative
the form prescribed by the Minister, to a municipality that all or a
portion of its property located in the municipality is assessable for
public or separate school purposes.
(2) A corporation or cooperative may by notice at any time require
(a) that a portion of its prope rty be entered and assessed for
separate school purposes in accordance with this section if it
has shareholders or members who declare themselves to be
of the same faith as those who established a separate school
district in which it has property, or
(b) that all of the property it has in the municipality be ent ered
and assessed for public school purposes.
(3) When a corporation has shareholders, the notice under
subsection (2)(a) must designate for separate school purposes the
same proportion of the property of the corporation in the separate
school district that is assessable for school purposes as the value of
shares owned by shareholders who declare themselves to be of the
same faith as those who established the separate school district
bears to the total value of all shares of the corporation.
(4) The notice under subsection (2)(a) given by a corporation that
does not have shareholders or by a cooperative must designate for
separate school purposes the same proportion of the property of the
corporation or cooperative in the separate school district that is
assessable for school purposes as the number of members who
declare themselves to be of the same faith as those who established
the separate school district bears to the total number of members.
(5) Notwithstanding subsection (1), a corporation or cooperative
may not give a written notice or withdraw a notice already given on
or after the date on which the board of a school division passes a
resolution authorizing a plebiscite under section 172(2) in respect
of a school division that includes the property referred to in the
notice unless
(a) the resolution is withdrawn by the board,
(b) the school electors do not agree in the plebiscite to a sp ecial
school tax levy, or
(c) the taxable period affected by the special school tax levy has
ended or further public notice is subsequently given by the
board under section 172(2), whichever occurs first.
(6) Subject to subsection (5), if a notice is given under this section,
a corporation or cooperative may withdraw the notice only if it is
replaced by a notice under this section that the property of the
corporation or cooperative is assessable
(a) for separate school purposes, if the original notice made the
property assessable for public school purposes, or
(b) for public school purposes, if the original notice made th e
property assessable for separate school purposes.
(7) A notice given by a corporation or cooperative under this
section must state that the information in the notice has been
approved by a resolution of the shareholders, the members or the
directors, as the case may be.