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A-33.01 - Act to promote the capitalization of small and medium-sized businesses
Section 6
Disposition versions
6. No qualified legal person may be the beneficiary of one or more qualified investments for which a validation certificate has been issued by the body designated under section 1 and totalling more than $5,000,000 within the same period of 24 months, taking into account for computing that amount the qualified investments made in a legal person associated with the qualified legal person. However, for the purpose of computing that amount, any excess amount is deemed not to be a qualified investment and qualified investments which have been held for more than 24 months in the qualified legal person and in the legal persons with which it is associated shall not be taken into account.
6. No qualified legal person may be the beneficiary of one or more qualified investments for which a validation certificate has been issued by La Financière du Québec and totalling more than $5,000,000 within the same period of 24 months, taking into account for computing that amount the qualified investments made in a legal person associated with the qualified legal person. However, for the purpose of computing that amount, any excess amount is deemed not to be a qualified investment and qualified investments which have been held for more than 24 months in the qualified legal person and in the legal persons with which it is associated shall not be taken into account.
6. No qualified legal person may be the beneficiary of one or more qualified investments for which a validation certificate has been issued by Garantie Québec and totalling more than $5 000 000 within the same period of 24 months, taking into account for computing that amount the qualified investments made in a legal person associated with the qualified legal person. However, for the purpose of computing that amount, any excess amount is deemed not to be a qualified investment and qualified investments which have been held for more than 24 months in the qualified legal person and in the legal persons with which it is associated shall not be taken into account.
6. No qualified corporation may be the beneficiary of one or more qualified investments for which a validation certificate has been issued by Garantie-Québec and totalling more than $5 000 000 within the same period of 24 months, taking into account for computing that amount the qualified investments made in a corporation associated with the qualified corporation. However, for the purpose of computing that amount, any excess amount is deemed not to be a qualified investment and qualified investments which have been held for more than 24 months in the qualified corporation and in the corporations with which it is associated shall not be taken into account.
6. No qualified corporation may be the beneficiary of one or more qualified investments for which a validation certificate has been issued by the Société de développement industriel du Québec and totalling more than $5 000 000 within the same period of 24 months, taking into account for computing that amount the qualified investments made in a corporation associated with the qualified corporation. However, for the purpose of computing that amount, any excess amount is deemed not to be a qualified investment and qualified investments which have been held for more than 24 months in the qualified corporation and in the corporations with which it is associated shall not be taken into account.
