R-15.1 - Supplemental Pension Plans Act

Full text
177. Despite section 176, a loan secured in the manner prescribed by regulation may be granted
(1)  to a member or to the spouse or child of a member;
(2)  to the employer;
(3)  to a parent company and a subsidiary provided that one of the companies is the employer and that the total loans granted to them do not exceed 10% of the total book value of the assets of the pension plan.
1989, c. 38, s. 177.