Q-2 - Environment Quality Act

Section 115.9 Disposition versions

2022-05-12

115.9. (Repealed).

2011, c. 20, s. 26; 2018, c. 23, s. 811; 2022, c. 8, s. 114.

2019-06-13

115.9. For the purposes of sections 115.5 to 115.8,

(1)  “shareholder” refers exclusively to a natural person who holds, directly or indirectly, shares that carry 20% or more of the voting rights in a legal person that is not a reporting issuer under the Securities Act (chapter V-1.1);

(2)  “loan of money” does not include a loan granted by insurers as defined by the Insurers Act (chapter A-32.1), financial services cooperatives as defined by the Act respecting financial services cooperatives (chapter C-67.3), trust companies or savings companies as defined by the Trust Companies and Savings Companies Act (chapter S-29.02) or banks listed in Schedule I or II of the Bank Act (S.C. 1991, c. 46), insofar as those financial institutions are duly authorized to act in that capacity;

(3)  in the case of a conviction for an indictable offence, the administrative penalty does not apply if the person has obtained a pardon for the offence.

2011, c. 20, s. 26; 2018, c. 23, s. 811.

2011-11-04

115.9. For the purposes of sections 115.5 to 115.8,

(1)  “shareholder” refers exclusively to a natural person who holds, directly or indirectly, shares that carry 20% or more of the voting rights in a legal person that is not a reporting issuer under the Securities Act (chapter V-1.1);

(2)  “loan of money” does not include a loan granted by insurers as defined by the Act respecting insurance (chapter A-32), financial services cooperatives as defined by the Act respecting financial services cooperatives (chapter C-67.3), trust companies or savings companies as defined by the Act respecting trust companies and savings companies (chapter S-29.01) or banks listed in Schedule I or II of the Bank Act (S.C. 1991, c. 46), insofar as those financial institutions are duly authorized to act in that capacity;

(3)  in the case of a conviction for an indictable offence, the administrative penalty does not apply if the person has obtained a pardon for the offence.

2011, c. 20, s. 26.