S-29.01 - Act respecting trust companies and savings companies

Full text
220. No Québec company may accept, as security for a loan,
(1)  shares of its capital stock, except in the case of a security granted by an officer or an employee within the scope of a share purchasing program;
(2)  debt securities contemplated in subparagraphs 1 and 2 of the first paragraph of section 193 issued by it;
(3)  shares or debt securities of a legal person affiliated with it.
1987, c. 95, s. 220.