A-33.01 - Act to promote the capitalization of small and medium-sized businesses

Section 15 Disposition versions

2011-04-01

15. A validation certificate is revoked by operation of law upon the occurrence of any of the following events with regard to the qualified legal person during the term of the qualified investment:

(1)  upon the qualified legal person’s dissolution;

(2)  upon adoption or approval, by the shareholders, of a resolution to wind up the qualified legal person, except with the prior authorization of the body designated under section 1;

(3)  upon the qualified legal person’s being placed under a winding-up order for a reason other than bankruptcy or insolvency;

(4)  upon the qualified legal person’s being placed under a receiving order pursuant to the Bankruptcy and Insolvency Act (R.S.C. 1985, c. B-3) or having made an assignment of its property within the meaning of the said Act.

1992, c. 46, s. 15; 1998, c. 17, s. 64; 1999, c. 40, s. 34; 2001, c. 69, s. 12; 2010, c. 37, s. 99.

2001-12-20

15. A validation certificate is revoked by operation of law upon the occurrence of any of the following events with regard to the qualified legal person during the term of the qualified investment:

(1)  upon the qualified legal person’s dissolution;

(2)  upon adoption or approval, by the shareholders, of a resolution to wind up the qualified legal person, except with the prior authorization of La Financière du Québec;

(3)  upon the qualified legal person’s being placed under a winding-up order for a reason other than bankruptcy or insolvency;

(4)  upon the qualified legal person’s being placed under a receiving order pursuant to the Bankruptcy and Insolvency Act (Revised Statutes of Canada, 1985, chapter B-3) or having made an assignment of its property within the meaning of the said Act.

1992, c. 46, s. 15; 1998, c. 17, s. 64; 1999, c. 40, s. 34; 2001, c. 69, s. 12.

1999-10-22

15. A validation certificate is revoked by operation of law upon the occurrence of any of the following events with regard to the qualified legal person during the term of the qualified investment:

(1)  upon the qualified legal person’s dissolution;

(2)  upon adoption or approval, by the shareholders, of a resolution to wind up the qualified legal person, except with the prior authorization of Garantie Québec;

(3)  upon the qualified legal person’s being placed under a winding-up order for a reason other than bankruptcy or insolvency;

(4)  upon the qualified legal person’s being placed under a receiving order pursuant to the Bankruptcy and Insolvency Act (Revised Statutes of Canada, 1985, chapter B-3) or having made an assignment of its property within the meaning of the said Act.

1992, c. 46, s. 15; 1998, c. 17, s. 64; 1999, c. 40, s. 34.

1998-08-21

15. A validation certificate is revoked by operation of law upon the occurrence of any of the following events with regard to the qualified corporation during the term of the qualified investment:

(1)  upon the qualified corporation’s dissolution;

(2)  upon adoption or approval, by the shareholders, of a resolution to wind up the qualified corporation, except with the prior authorization of Garantie-Québec;

(3)  upon the qualified corporation’s being placed under a winding-up order for a reason other than bankruptcy or insolvency;

(4)  upon the qualified corporation’s being placed under a receiving order pursuant to the Bankruptcy and Insolvency Act (Revised Statutes of Canada, 1985, chapter B-3) or having made an assignment of its property within the meaning of the said Act.

1992, c. 46, s. 15; 1998, c. 17, s. 64.

1992-11-30

15. A validation certificate is revoked by operation of law upon the occurrence of any of the following events with regard to the qualified corporation during the term of the qualified investment:

(1)  upon the qualified corporation’s dissolution;

(2)  upon adoption or approval, by the shareholders, of a resolution to wind up the qualified corporation, except with the prior authorization of the Société de développement industriel du Québec;

(3)  upon the qualified corporation’s being placed under a winding-up order for a reason other than bankruptcy or insolvency;

(4)  upon the qualified corporation’s being placed under a receiving order pursuant to the Bankruptcy and Insolvency Act (Revised Statutes of Canada, 1985, chapter B-3) or having made an assignment of its property within the meaning of the said Act.

1992, c. 46, s. 15.

1992-06-23

15. A validation certificate is revoked by operation of law upon the occurrence of any of the following events with regard to the qualified corporation during the term of the qualified investment:

(1)  upon the qualified corporation’s dissolution;

(2)  upon adoption or approval, by the shareholders, of a resolution to wind up the qualified corporation, except with the prior authorization of the Société de développement industriel du Québec;

(3)  upon the qualified corporation’s being placed under a winding-up order for a reason other than bankruptcy or insolvency;

(4)  upon the qualified corporation’s being placed under a receiving order pursuant to the Bankruptcy Act (Revised Statutes of Canada, 1985, chapter B-3) or having made an assignment of its property within the meaning of the said Act.

1992, c. 46, s. 15.