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

Section 2 Disposition versions

1978-12-22

2. The Minister may designate a person as a major shareholder of a company if he is of the opinion that that person, although the holder of less than twenty per cent, but not less than ten per cent, of the shares of the company, exercises, alone or with others, a considerable degree of control over the activities of the company.

The Minister may revoke such a designation at any time.

Upon so designating a shareholder or revoking such a designation, the Minister shall notify the company and the designated shareholder.

1978, c. 86, s. 2.