S-12 - Act respecting the Société de récupération, d’exploitation et de développement forestiers du Québec

Section 7.2 Disposition versions

1990-06-22

7.2. The Minister of Finance may pay to the Company, out of the consolidated revenue fund, with prior approval of the Government, an amount of $175 000 000 for 1 750 000 fully paid-up shares of its capital stock for which a certificate shall be issued to him in return for such payment.

Such payment may be made in one or several instalments; if it is made in several instalments, each of them must be submitted for the approval contemplated in the first paragraph.

1990, c. 16, s. 2.