S-14 - Act respecting the Société des Traversiers du Québec

Section 14 Disposition versions

2007-11-22

14. The Société shall not, without the prior authorization of the Government:

(a)  contract a loan that causes the total of its current outstanding loans to exceed the amount determined by the Government;

(b)  acquire, hold or transfer shares or other interests in any undertaking whose objects are similar to those of the Société;

(c)  associate itself with any person or firm for the carrying out of its objects;

(d)  (paragraph repealed).

1971, c. 65, s. 15; 2007, c. 23, s. 11, s. 14.

1977-12-31

14. The Company shall not, without the prior authorization of the Government:

(a)  contract a loan which increases its total outstanding borrowings to more than $500 000;

(b)  acquire, hold or transfer shares or other interests in any undertaking whose objects are similar to those of the Company;

(c)  associate itself with any person or firm for the carrying out of its objects;

(d)  make by-laws respecting the exercise of its powers and its internal management.

1971, c. 65, s. 15.