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A-32 - Act respecting insurance

Section 93.250
Disposition versions

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93.250. A guarantee fund may acquire and hold fully paid common shares issued by a legal person constituted in Canada and carrying on business in Québec if the shares are listed on a recognized Canadian Stock Exchange and if the legal person which issued the shares has, in each of the five years preceding the acquisition, earned and paid on its common shares a dividend of at least 4% of their book value.
1985, c. 17, s. 6; 1996, c. 63, s. 80, s. 81; 1999, c. 40, s. 33.
93.250. A guarantee fund may acquire and hold fully paid common shares issued by a legal person incorporated in Canada and carrying on business in Québec if the shares are listed on a recognized Canadian Stock Exchange and if the legal person which issued the shares has, in each of the five years preceding the acquisition, earned and paid on its common shares a dividend of at least 4 % of their book value.
1985, c. 17, s. 6; 1996, c. 63, s. 80, s. 81.
93.250. A corporation may acquire and hold fully paid common shares issued by a corporation incorporated in Canada and carrying on business in Québec if the shares are listed on a recognized Canadian Stock Exchange and if the corporation which issued the shares has, in each of the five years preceding the acquisition, earned and paid on its common shares a dividend of at least 4% of their book value.
1985, c. 17, s. 6.
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