Federal Real Property and Federal Immovables Regulations

5 (1) A Minister may transfer to Her Majesty in right of a province, by instrument or act satisfactory to the Minister of Justice, the administration and control of the entire or any lesser interest, or any right, of Her Majesty in any federal real property or any federal immovable, either in perpetuity or for any lesser term.

(2) A Minister may accept on behalf of Her Majesty a transfer of the administration and control satisfactory to the Minister of Justice of the entire or any lesser interest, or any right, of Her Majesty in right of a province in any real property or immovable, including transfers made by grant, concession, vesting order or other conveyancing instrument or other transfer act, either in perpetuity or for any lesser term.

(3) In the case of retrocession or reversion to Her Majesty in right of a province or Her Majesty in right of Canada of the administration and control of the entire or any lesser interest, or any right, in any real property or immovable, a Minister may give effect to that retrocession or reversion by instrument or act satisfactory to the Minister of Justice, despite the requirement, in the original transfer of administration and control, to proceed by order in council or written notice.