A-3.1 - Act respecting the acquisition of shares of certain hypothecary loan companies

Section 1 Disposition versions

1983-04-01

1. In this Act,

(a)  “share” means an outstanding voting share, whether the right to vote is absolute or contingent;

(b)  “major shareholder” means a person

i.  holding 20% or more of the shares of a company;

ii.  holding shares of a company which, added to the shares held by a person related to that person within the meaning of section 49 of the Act respecting insurance (chapter A-32), amount to 20% or more of the shares of that company; or

iii.  designated by the Minister as a major shareholder of a company in accordance with section 2;

(c)  (paragraph repealed);

(d)  “company” means a corporation incorporated under an act of Québec to make loans secured by hypothec or hypothecary claim, with or without complementary objects, whose assets, according to its latest yearly balance-sheet, are in excess of $100 000 000.

1978, c. 86, s. 1; 1981, c. 9, s. 24; 1982, c. 52, s. 48.

1981-06-18

1. In this act,

(a)  “share” means an outstanding voting share, whether the right to vote is absolute or contingent;

(b)  “major shareholder” means a person

i.  holding twenty per cent or more of the shares of a company;

ii.  holding shares of a company which, added to the shares held by a person related to that person within the meaning of section 49 of the Act respecting insurance (chapter A-32), amount to twenty per cent or more of the shares of that company; or

iii.  designated by the Minister as a major shareholder of a company in accordance with section 2;

(c)  “Minister” means the Minister of Financial Institutions and Cooperatives;

(d)  “company” means a corporation incorporated under an act of Québec to make loans secured by hypothec or hypothecary claim, with or without complementary objects, whose assets, according to its latest yearly balance-sheet, are in excess of $100 millions.

1978, c. 86, s. 1; 1981, c. 9, s. 24.

1978-12-22

1. In this act,

(a)  “share” means an outstanding voting share, whether the right to vote is absolute or contingent;

(b)  “major shareholder” means a person

i.  holding twenty per cent or more of the shares of a company;

ii.  holding shares of a company which, added to the shares held by a person related to that person within the meaning of section 49 of the Act respecting insurance (chapter A-32), amount to twenty per cent or more of the shares of that company; or

iii.  designated by the Minister as a major shareholder of a company in accordance with section 2;

(c)  “Minister” means the Minister of Consumer Affairs, Cooperatives and Financial Institutions;

(d)  “company” means a corporation incorporated under an act of Québec to make loans secured by hypothec or hypothecary claim, with or without complementary objects, whose assets, according to its latest yearly balance-sheet, are in excess of $100 millions.

1978, c. 86, s. 1.