A-12, r. 7.2 - Regulation respecting the practice of agrology within a partnership or a joint-stock company

Section 1 Disposition versions

2015-12-31

1. An agrologist may carry on professional activities within a partnership or joint-stock company within the meaning of Chapter VI.3 of the Professional Code (chapter C-26), if

(1)  more than 50% of the voting rights attached to the shares of the partnership or joint-stock company are held by

(a)  at least one agrologist;

(b)  a legal person, trust or any other enterprise whose voting rights attached to the shares or other participation are held wholly by at least one agrologist; or

(c)  both a person, a trust or other enterprise referred to in subparagraphs a and b;

(2)  a majority of the directors of the joint-stock company or, as the case may be, the partners or, where applicable, the managers appointed by the partners to manage the activities of the limited liability partnership are agrologists;

(3)  the quorum at the meetings of the board of directors or, as the case may be, the internal management board is composed of a majority of agrologists; and

(4)  the chair of the board of directors of the joint-stock company or the person who performs similar duties within the limited liability partnership is an agrologist.

An agrologist must ensure that the conditions set out in the first paragraph appear in the articles of constitution of the joint-stock company or are stipulated in the contract constituting the limited liability partnership, in the unanimous shareholders’ agreement or in any other document relating to the constitution and operation of the partnership or joint-stock company. The agrologist must also ensure that it is also provided that the partnership or joint-stock company is constituted for the purposes of carrying on professional activities.

O.C. 1070-2015, s. 1.