I-16.0.1 - Act respecting Investissement Québec

Section 35.2 Disposition versions

2022-08-23

35.2. For the purposes of this subdivision,

(1)  a participation includes the acquisition of a right of ownership in the assets of an enterprise, but excludes claims that can be converted into participations;

(2)  if a natural resource is a mineral substance, the mining of it includes conducting work to prove the existence of economically workable mineral substances with a view to beginning mining operations;

(3)  (paragraph repealed).

2015, c. 8, s. 28; 2016, c. 35, s. 23; 2019, c. 29, s. 21; 2022, c. 10, s. 85.

2019-12-11

35.2. For the purposes of this subdivision,

(1)  a participation includes the acquisition of a right of ownership in the assets of an enterprise, but excludes claims that can be converted into participations;

(2)  if a natural resource is a mineral substance or petroleum, the mining of the former or production of the latter includes conducting work to prove the existence of economically workable mineral substances or petroleum with a view to beginning mining or production operations;

(3)  (paragraph repealed).

2015, c. 8, s. 28; 2016, c. 35, s. 23; 2019, c. 29, s. 21.

2018-09-20

35.2. For the purposes of this subdivision,

(1)  a participation includes the acquisition of a right of ownership in the assets of an enterprise, but excludes claims that can be converted into participations;

(2)  the mining of a mineral substance or the production of petroleum includes conducting work to prove the existence of economically workable mineral substances or petroleum with a view to beginning mining or production operations;

(3)  an enterprise is affiliated with another enterprise if one is the subsidiary of the other or if both are controlled by the same person. The meanings assigned to “subsidiary” and “control” by section 7 apply, with the necessary modifications.

2015, c. 8, s. 28; 2016, c. 35, s. 23.

2015-07-14

35.2. For the purposes of this subdivision,

(1)  a participation includes the acquisition of a right of ownership in the assets of an enterprise, but excludes claims that can be converted into participations;

(2)  the mining of a mineral substance includes conducting work to prove the existence of economically workable mineral substances with a view to beginning mining operations;

(3)  an enterprise is affiliated with another enterprise if one is the subsidiary of the other or if both are controlled by the same person. The meanings assigned to “subsidiary” and “control” by section 7 apply, with the necessary modifications.

2015, c. 8, s. 28.