R-15.1, r. 6.2 - General Regulation respecting supplemental pension plans

Section 75 Disposition versions

2012-09-01

75. Notwithstanding section 74, a plan may acquire and hold real estate in Canada, a lease of which is made to or guaranteed by:

(a)  the Government of Canada or of a province or an agent of the Crown or a municipal corporation; or

(b)  a corporation or a cooperative agricultural association, the common or preferred shares of which could be, at the date of investment, authorized as investments by this Division; or

(c)  a cooperative association or savings and credit union, the shares or preferred shares of which could be, at the date of investment, authorized as investments by this Division;

provided such lease produces a net revenue sufficient to yield a reasonable interest return on the amount invested and to repay at least 85% of such amount during a 30 year period, or during the period of the lease if the latter is shorter.

R.R.Q., 1981, c. R-17, r. 1, s. 75.