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S-29.1 - Act respecting Québec business investment companies

Section 13
Disposition versions

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13. No qualified legal person may be the beneficiary of an aggregate of qualified investments in excess of $10,000,000 for the total qualified investments made in the qualified legal person and in all the legal persons with which it is associated. However, for the purpose of computing that amount, any excess amount is deemed not to be a qualified investment and qualified investments held for at least 24 months in the qualified legal person and in the legal persons with which it is associated shall not be taken into account.
1985, c. 9, s. 13; 1989, c. 72, s. 11; 1995, c. 63, s. 296; 1999, c. 40, s. 305; 2001, c. 51, s. 256.
13. No qualified legal person may be the beneficiary of an aggregate of qualified investments in excess of $5 000 000 for the total qualified investments made in the qualified legal person and in all the legal persons with which it is associated. However, for the purpose of computing that amount, any excess amount is deemed not to be a qualified investment and qualified investments held for at least 24 months in the qualified legal person and in the legal persons with which it is associated shall not be taken into account.
1985, c. 9, s. 13; 1989, c. 72, s. 11; 1995, c. 63, s. 296; 1999, c. 40, s. 305.
13. No qualified corporation may be the beneficiary of an aggregate of qualified investments in excess of $5 000 000 for the total qualified investments made in the qualified corporation and in all the corporations with which it is associated. However, for the purpose of computing that amount, any excess amount is deemed not to be a qualified investment and qualified investments held for at least 24 months in the qualified corporation and in the corporations with which it is associated shall not be taken into account.
1985, c. 9, s. 13; 1989, c. 72, s. 11; 1995, c. 63, s. 296.
13. No qualified corporation may be the beneficiary of an aggregate of qualified investments in excess of $2 500 000 for the total qualified investments made in the qualified corporation and in all the corporations with which it is associated. However, for the purpose of computing that amount, any excess amount is deemed not to be a qualified investment and qualified investments held for at least 24 months in the qualified corporation and in the corporations with which it is associated shall not be taken into account.
1985, c. 9, s. 13; 1989, c. 72, s. 11.
13. No qualified corporation may be the recipient of an aggregate of qualified investments in excess of $1 000 000. However, for the purposes of computing that amount, any excess amount is deemed not to be a qualified investment and qualified investments held for at least two years shall not be taken into account.
1985, c. 9, s. 13.
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