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A-32 - Act respecting insurance

Section 1.1
Disposition versions

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1.1. A legal person is controlled by another person where the latter person holds, directly or through legal persons controlled by the latter person, more than 50% of the voting rights attached to the shares of the former or is in a position to elect a majority of its directors.
A partnership is controlled by a person where the latter holds, directly or through legal persons controlled by the person, more than 50% of the interests in the partnership. A limited partnership is controlled by a person where the person or a legal person controlled by the person is the general partner of the partnership.
A legal person is controlled by a federation of mutual insurance associations where the federation holds, by itself or jointly with the legal persons of its group, directly or through legal persons it controls, more than 50% of the voting rights attached to the shares of that legal person or is in a position to elect a majority of its directors.
A legal person is controlled by a mutual insurance association where the association holds, by itself or jointly with other mutual insurance associations of its group, directly or through legal persons it controls, more than 50% of the voting rights attached to the shares of that legal person or is in a position to elect a majority of its directors.
1990, c. 86, s. 2; 1996, c. 63, s. 80; 2002, c. 70, s. 1; 2003, c. 1, s. 1.
1.1. A legal person is controlled by another person where that person is in a position to elect, directly or indirectly, the majority of the directors of the legal person.
A partnership is controlled by a person where the latter holds, directly or through legal persons controlled by the person, more than 50 % of the interests in the partnership. A limited partnership is controlled by a person where the person or a legal person controlled by the person is the general partner of the partnership.
1990, c. 86, s. 2; 1996, c. 63, s. 80; 2002, c. 70, s. 1.
1.1. A legal person is controlled by another person where that person is in a position to elect, directly or indirectly, the majority of the directors of the legal person.
1990, c. 86, s. 2; 1996, c. 63, s. 80.
1.1. A corporation is controlled by another person where that person is in a position to elect, directly or indirectly, the majority of the directors of the corporation.
1990, c. 86, s. 2.
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