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S-25.1 - Act respecting the sociétés d’entraide économique

Section 121
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121. No company may hypothecate or otherwise give as security property held by it, except an immovable held by it for its own use.
The federation may, however, authorize the company to give such security; the authorization may be accompanied with conditions and restrictions. The federation must, in such a case, notify the Autorité des marchés financiers; the notice must contain the name of the company, the name of the lender, the amount of the loan, its maturity date, the rate of interest, the security offered and the other information prescribed by regulation.
1981, c. 31, s. 121; 1982, c. 52, s. 246; 1992, c. 57, s. 693; 2002, c. 45, s. 564; 2004, c. 37, s. 90.
121. No company may hypothecate or otherwise give as security property held by it, except an immoveable held by it for its own use.
The federation may, however, authorize the company to give such security; the authorization may be accompanied with conditions and restrictions. The federation must, in such a case, notify the Agence nationale d’encadrement du secteur financier; the notice must contain the name of the company, the name of the lender, the amount of the loan, its maturity date, the rate of interest, the security offered and the other information prescribed by regulation.
1981, c. 31, s. 121; 1982, c. 52, s. 246; 1992, c. 57, s. 693; 2002, c. 45, s. 564.
121. No company may hypothecate or otherwise give as security property held by it, except an immoveable held by it for its own use.
The federation may, however, authorize the company to give such security; the authorization may be accompanied with conditions and restrictions. The federation must, in such a case, notify the Inspector General; the notice must contain the name of the company, the name of the lender, the amount of the loan, its maturity date, the rate of interest, the security offered and the other information prescribed by regulation.
1981, c. 31, s. 121; 1982, c. 52, s. 246; 1992, c. 57, s. 693.
121. No company may hypothecate, mortgage, pledge or otherwise give as security property held by it, except an immoveable held by it for its own use.
The federation may, however, authorize the company to give such security; the authorization may be accompanied with conditions and restrictions. The federation must, in such a case, notify the Inspector General; the notice must contain the name of the company, the name of the lender, the amount of the loan, its maturity date, the rate of interest, the security offered and the other information prescribed by regulation.
1981, c. 31, s. 121; 1982, c. 52, s. 246.
121. No company may hypothecate, mortgage, pledge or otherwise give as security property held by it, except an immoveable held by it for its own use.
The federation may, however, authorize the company to give such security; the authorization may be accompanied with conditions and restrictions. The federation must, in such a case, notify the superintendent; the notice must contain the name of the company, the name of the lender, the amount of the loan, its maturity date, the rate of interest, the security offered and the other information prescribed by regulation.
1981, c. 31, s. 121.
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