A-3.1 - Act respecting the acquisition of shares of certain hypothecary loan companies

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1. In this Act,
(a)  share means an outstanding voting share, whether the right to vote is absolute or contingent;
(b)  major shareholder means a person
i.  holding 20% or more of the shares of a company;
ii.  holding shares of a company which, added to the shares held by a person related to that person within the meaning of section 49 of the Act respecting insurance (chapter A-32), amount to 20% or more of the shares of that company; or
iii.  designated by the Minister as a major shareholder of a company in accordance with section 2;
(c)  (paragraph repealed);
(d)  company means a corporation incorporated under an act of Québec to make loans secured by hypothec or hypothecary claim, with or without complementary objects, whose assets, according to its latest yearly balance-sheet, are in excess of $100 000 000.
1978, c. 86, s. 1; 1981, c. 9, s. 24; 1982, c. 52, s. 48.
1. In this act,
(a)  share means an outstanding voting share, whether the right to vote is absolute or contingent;
(b)  major shareholder means a person
i.  holding twenty per cent or more of the shares of a company;
ii.  holding shares of a company which, added to the shares held by a person related to that person within the meaning of section 49 of the Act respecting insurance (chapter A-32), amount to twenty per cent or more of the shares of that company; or
iii.  designated by the Minister as a major shareholder of a company in accordance with section 2;
(c)  Minister means the Minister of Financial Institutions and Cooperatives;
(d)  company means a corporation incorporated under an act of Québec to make loans secured by hypothec or hypothecary claim, with or without complementary objects, whose assets, according to its latest yearly balance-sheet, are in excess of $100 millions.
1978, c. 86, s. 1; 1981, c. 9, s. 24.
1. In this act,
(a)  share means an outstanding voting share, whether the right to vote is absolute or contingent;
(b)  major shareholder means a person
i.  holding twenty per cent or more of the shares of a company;
ii.  holding shares of a company which, added to the shares held by a person related to that person within the meaning of section 49 of the Act respecting insurance (chapter A-32), amount to twenty per cent or more of the shares of that company; or
iii.  designated by the Minister as a major shareholder of a company in accordance with section 2;
(c)  Minister means the Minister of Consumer Affairs, Cooperatives and Financial Institutions;
(d)  company means a corporation incorporated under an act of Québec to make loans secured by hypothec or hypothecary claim, with or without complementary objects, whose assets, according to its latest yearly balance-sheet, are in excess of $100 millions.
1978, c. 86, s. 1.