L-5 - Lotteries and Races Act

Section 64 Disposition versions

1979-02-14

64. (Replaced).

1969, c. 28, s. 64; 1978, c. 38, s. 30.

1977-12-31

64. Without the prior authorization of the Gouvernement, the Corporation shall not:

(a)  acquire, hold or alienate interests in any undertaking whose objects are similar to those of the Corporation;

(b)  make a contract binding it for more than five years;

(c)  contract a loan which increases to more than $500,000 the total amounts borrowed by it and not yet repaid;

(d)  make agreements with any government, corporation or association respecting matters within its competence;

(e)  make a contract of any kind respecting moveable or immoveable property in consideration of a sum of more than $25,000.

1969, c. 28, s. 64.