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S-16.011 - Act respecting the Société du Plan Nord

Section 10
Disposition versions

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10. For the purposes of this Act, a legal person or partnership controlled by the Company is a subsidiary of the Company.
A legal person is controlled by the Company when the Company holds, directly or through legal persons the Company controls, more than 50% of the voting rights attached to the equity securities of the legal person or is in a position to elect a majority of its directors.
A partnership is controlled by the Company when the Company holds, directly or through legal persons the Company controls, more than 50% of the equity securities. However, a limited partnership is controlled by the Company when the Company or a legal person the Company controls is a general partner of the partnership.
2014, c. 16, s. 10.
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