S-12.01 - Act respecting the Société de télédiffusion du Québec

Section 20 Disposition versions

1996-12-18

20. The Société must, except in such cases and on such conditions as the Government may determine by regulation, obtain the authorization of the Government in order to

(1)  acquire or alienate stocks, shares or assets of a legal person;

(2)  contract a loan that increases the aggregate of its outstanding loans to an amount greater than a determined amount; or

(3)  make any other financial commitment for a sum in excess of the amount determined by regulation of the Government.

The Government may subject its authorization to the conditions it determines.

1996, c. 20, s. 20.