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S-29.1, r. 1 - Québec Business Investment Companies Regulation

Section 15
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15. Notwithstanding section 13, a qualified legal person is deemed to be dealing at arm’s length with a company where each of the shareholders of the qualified legal person, except that company, holds alone or with any person related to it, directly or indirectly, less than 5% of the voting shares of the share capital of that qualified legal person.
O.C. 1627-85, s. 15; O.C. 883-88, ss. 4 and 6; O.C. 1136-2004, s. 15.
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