10) Authority to prohibit or restrict acquisitions of property in a province by non-Canadians
35. (1) Subject to subsection (3), the Lieutenant Governor in Council of a province or such other person or authority in the province as is designated by the Lieutenant Governor in Council thereof is authorized to prohibit, annul or in any manner restrict the taking or acquisition directly or indirectly of, or the succession to, any interest in real property located in the province by persons who are not citizens or by corporations or associations that are effectively controlled by persons who are not citizens.
(2) The Lieutenant Governor in Council of a province may make regulations applicable in the province for the purposes of determining
(a) what transactions constitute a direct or an indirect taking or acquisition of any interest in real property located in the province;
(b) what constitutes effective control of a corporation or association by persons who are not citizens;