S-10.001 - Act respecting the Société de développement des coopératives

Section 20 Disposition versions

1984-06-06

20. In no case may the corporation, except with the authorization of the Government,

(1)  acquire shares of a legal person, alone or jointly with a cooperative undertaking or another person;

(2)  grant financial assistance to a legal person in which it holds shares;

(3)  except in the cases referred to in section 21, acquire movable or immovable property.

Where the corporation disposes of shares of a legal person, it shall do so in favour of a cooperative undertaking or, with the authorization of the Minister, in favour of another person.

1984, c. 8, s. 20.