In this regulation, MLIB Agreement means the McLeod Lake Indian Band Treaty No. 8 Adhesion and Settlement Agreement entered into by the McLeod Lake Indian Band, Her Majesty the Queen in right of Canada and Her Majesty the Queen in right of British Columbia.
A Crown grant that, in fulfilment of article 8.5 of the MLIB Agreement, conveys land from the government of British Columbia to a member of the McLeod Lake Indian Band, or to the legal representative of a member of the McLeod Lake Indian Band on the member's behalf, is a taxable transaction exempt from tax under the Property Transfer Tax Act.
If land was conveyed under a Crown grant referred to in section 2 to the legal representative of a member of the McLeod Lake Indian Band on the member's behalf, the transfer of that land from the legal representative of the member to that member is a taxable transaction exempt from tax under the Property Transfer Tax Act.