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S-29.1, r. 1 - Québec Business Investment Companies Regulation
Section 3.1
Disposition versions
3.1. For the purposes of section 12.1 of the Act, a fledgling legal person is a legal person that fulfils the following requirements:
(1) it is beginning to operate a qualified business;
(2) it has never operated another business; and
(3) it is not a legal person resulting from an amalgamation or merger of 2 or more legal persons.
