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C-78.1 - Act to promote forest credit by private institutions

Section 55
Disposition versions

Full text
55. Notwithstanding any general law or special Act to the contrary, municipalities, school service centres, school boards and the Comité de gestion de la taxe scolaire de l’île de Montréal may invest the sinking funds for their borrowings in acquiring bonds issued by the agency.
The same applies to the Minister of Finance when he administers the sinking funds.
The bonds of the agency are securities allowable as investments presumed sound under the Civil Code.
1983, c. 16, s. 55; 1987, c. 95, s. 402; 1988, c. 84, s. 578; 1992, c. 32, s. 43; 1996, c. 2, s. 621; 1999, c. 40, s. 98; 2000, c. 53, s. 66; 2002, c. 75, s. 33; 2018, c. 23, s. 754; 2020, c. 1, s. 309.
55. Notwithstanding any general law or special Act to the contrary, municipalities, school boards and the Comité de gestion de la taxe scolaire de l’île de Montréal may invest the sinking funds for their borrowings in acquiring bonds issued by the agency.
The same applies to the Minister of Finance when he administers the sinking funds.
The bonds of the agency are securities allowable as investments presumed sound under the Civil Code.
1983, c. 16, s. 55; 1987, c. 95, s. 402; 1988, c. 84, s. 578; 1992, c. 32, s. 43; 1996, c. 2, s. 621; 1999, c. 40, s. 98; 2000, c. 53, s. 66; 2002, c. 75, s. 33; 2018, c. 23, s. 754.
55. Notwithstanding any general law or special Act to the contrary, municipalities, school boards and the Comité de gestion de la taxe scolaire de l’île de Montréal may invest the sinking funds for their borrowings in acquiring bonds issued by the agency.
The same applies to the Minister of Finance when he administers the sinking funds.
The bonds of the agency are securities allowable as investments presumed sound under the Civil Code or as investments under sections 243 to 274 of the Act respecting insurance (chapter A‐32) or under section 201 of the Act respecting trust companies and savings companies (chapter S‐29.01).
1983, c. 16, s. 55; 1987, c. 95, s. 402; 1988, c. 84, s. 578; 1992, c. 32, s. 43; 1996, c. 2, s. 621; 1999, c. 40, s. 98; 2000, c. 53, s. 66; 2002, c. 75, s. 33.
55. Notwithstanding any general law or special Act to the contrary, municipalities, school boards and the Conseil scolaire de l’île de Montréal may invest the sinking-funds for their borrowings in acquiring bonds issued by the agency.
The same applies to the Minister of Finance when he administers the sinking-funds.
The bonds of the agency are securities allowable as investments presumed sound under the Civil Code or as investments under sections 243 to 274 of the Act respecting insurance (chapter A-32) or under section 201 of the Act respecting trust companies and savings companies (chapter S-29.01).
1983, c. 16, s. 55; 1987, c. 95, s. 402; 1988, c. 84, s. 578; 1992, c. 32, s. 43; 1996, c. 2, s. 621; 1999, c. 40, s. 98; 2000, c. 53, s. 66.
55. Notwithstanding any general law or special Act to the contrary, municipalities, school boards and the Conseil scolaire de l’île de Montréal may invest the sinking-funds for their borrowings in acquiring bonds issued by the Société.
The same applies to the Minister of Finance when he administers the sinking-funds.
The bonds of the Société are securities allowable as investments presumed sound under the Civil Code or as investments under sections 243 to 274 of the Act respecting insurance (chapter A-32) or under section 201 of the Act respecting trust companies and savings companies (chapter S-29.01).
1983, c. 16, s. 55; 1987, c. 95, s. 402; 1988, c. 84, s. 578; 1992, c. 32, s. 43; 1996, c. 2, s. 621; 1999, c. 40, s. 98.
55. Notwithstanding any general law or special Act to the contrary, municipalities, school boards and the Conseil scolaire de l’île de Montréal may invest the sinking-funds for their borrowings in acquiring bonds issued by the Société.
The same applies to the Minister of Finance when he administers the sinking-funds.
The bonds of the Société shall be securities in which investments referred to in article 981o of the Civil Code of Lower Canada, in sections 243 to 274 of the Act respecting insurance (chapter A-32), and in section 201 of the Act respecting trust companies and savings companies (chapter S-29.01) may be made.
1983, c. 16, s. 55; 1987, c. 95, s. 402; 1988, c. 84, s. 578; 1992, c. 32, s. 43; 1996, c. 2, s. 621.
55. Notwithstanding any general law or special Act to the contrary, municipal corporations, school boards and the Conseil scolaire de l’île de Montréal may invest the sinking-funds for their borrowings in acquiring bonds issued by the Société.
The same applies to the Minister of Finance when he administers the sinking-funds.
The bonds of the Société shall be securities in which investments referred to in article 981o of the Civil Code of Lower Canada, in sections 243 to 274 of the Act respecting insurance (chapter A-32), and in section 201 of the Act respecting trust companies and savings companies (chapter S-29.01) may be made.
1983, c. 16, s. 55; 1987, c. 95, s. 402; 1988, c. 84, s. 578; 1992, c. 32, s. 43.
55. Notwithstanding any general law or special Act to the contrary, municipal corporations, school boards and the Conseil scolaire de l’île de Montréal may invest the sinking-funds for their borrowings in acquiring bonds issued by the Office.
The same applies to the Minister of Finance when he administers the sinking-funds.
The bonds of the Office shall be securities in which investments referred to in article 981o of the Civil Code, in sections 243 to 274 of the Act respecting insurance (chapter A-32), and in section 201 of the Act respecting trust companies and savings companies (chapter S-29.01) may be made.
1983, c. 16, s. 55; 1987, c. 95, s. 402; 1988, c. 84, s. 578.
55. Notwithstanding any general law or special Act to the contrary, municipal and school corporations may invest the sinking-funds for their borrowings in acquiring bonds issued by the Office.
The same applies to the Minister of Finance when he administers the sinking-funds.
The bonds of the Office shall be securities in which investments referred to in article 981o of the Civil Code, in sections 243 to 274 of the Act respecting insurance (chapter A-32), and in section 201 of the Act respecting trust companies and savings companies (chapter S-29.01) may be made.
1983, c. 16, s. 55; 1987, c. 95, s. 402.
55. Notwithstanding any general law or special Act to the contrary, municipal and school corporations may invest the sinking-funds for their borrowings in acquiring bonds issued by the Office.
The same applies to the Minister of Finance when he administers the sinking-funds.
The bonds of the Office shall be securities in which investments referred to in article 981o of the Civil Code, in sections 243 to 274 of the Act respecting insurance (chapter A-32), and in section 8 of the Trust Companies Act (chapter C-41) may be made.
1983, c. 16, s. 55.
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