S-29.01 - Act respecting trust companies and savings companies

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74. No prohibition applies under section 72
(1)  where the allotment or transfer does not in effect increase the percentage of voting rights already held, directly or indirectly, by a non-resident or by all the non-residents and their associates;
(2)  to the allotment or transfer of voting shares where non-residents and their associates already hold over 50% of the voting rights;
(3)  to the allotment of shares carrying over 50% of the voting rights to non-residents and their associates at the incorporation of a company.
1987, c. 95, s. 74.