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C-2 - Act respecting the Caisse de dépôt et placement du Québec
Section 29
Disposition versions
29. The Fund may acquire and hold immovables upon the following conditions:
(a) the total investment in each immovable constituting a single undertaking shall not exceed 1% of the total assets of the Fund;
(b) (paragraph repealed);
(c) the total investment of the Fund in immovables and in hypothecs referred to in section 28 outside the territory of the member countries of the North American Free Trade Agreement shall not exceed, in net value, 5% of its total assets.
29. The Fund may acquire and hold immovables upon the following conditions:
(a) the total investment in each immovable constituting a single undertaking shall not exceed 1 % of the total assets of the Fund;
(b) the Fund’s total investment in immovables, in hypothecs contemplated in the second paragraph of section 28 and in the shares of legal persons in which it acquires shares under paragraph a of section 31 and having as their principal object the acquisition, holding, leasing or administration of immovables shall not exceed 10 % of its total assets; and
(c) the total investment of the Fund outside Québec in immovables and in hypothecs contemplated in section 28 shall not exceed 3 % of its total assets.
29. The Fund may acquire and hold immoveables in Québec upon the following conditions:
(a) the total investment in each immoveable constituting a single undertaking and in the shares of each company having as its sole object the acquisition, holding, leasing or administration of immoveables shall not exceed 1 % of the total assets of the Fund; and
(b) the Fund’s total investment in immoveables, in hypothecs contemplated in the second paragraph of section 28 and in the shares of companies having as their sole object the acquisition, holding, leasing or administration of immoveables shall not exceed 10 % of its total assets.
