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

Section 7
Disposition versions

Full text
7. The body designated under section 1 may refuse to issue a validation certificate in respect of an investment which, though consistent with the literal meaning of this Act and the regulations, does not, in its opinion, meet the objectives pursued by this Act and the regulations.
The body designated under section 1 may in particular refuse to issue a validation certificate in respect of an investment made by a qualified investor where one or more shareholders of the qualified legal person hold a significant interest, as defined by regulation, in the qualified investor.
1992, c. 46, s. 7; 1998, c. 17, s. 64; 1999, c. 40, s. 34; 2001, c. 69, s. 12; 2010, c. 37, s. 93.
7. La Financière du Québec may refuse to issue a validation certificate in respect of an investment which, though consistent with the literal meaning of this Act and the regulations, does not, in its opinion, meet the objectives pursued by this Act and the regulations.
La Financière du Québec may in particular refuse to issue a validation certificate in respect of an investment made by a qualified investor where one or more shareholders of the qualified legal person hold a significant interest, as defined by regulation, in the qualified investor.
1992, c. 46, s. 7; 1998, c. 17, s. 64; 1999, c. 40, s. 34; 2001, c. 69, s. 12.
7. Garantie Québec may refuse to issue a validation certificate in respect of an investment which, though consistent with the literal meaning of this Act and the regulations, does not, in its opinion, meet the objectives pursued by this Act and the regulations.
Garantie Québec may in particular refuse to issue a validation certificate in respect of an investment made by a qualified investor where one or more shareholders of the qualified legal person hold a significant interest, as defined by regulation, in the qualified investor.
1992, c. 46, s. 7; 1998, c. 17, s. 64; 1999, c. 40, s. 34.
7. Garantie-Québec may refuse to issue a validation certificate in respect of an investment which, though consistent with the literal meaning of this Act and the regulations, does not, in its opinion, meet the objectives pursued by this Act and the regulations.
Garantie-Québec may in particular refuse to issue a validation certificate in respect of an investment made by a qualified investor where one or more shareholders of the qualified corporation hold a significant interest, as defined by regulation, in the qualified investor.
1992, c. 46, s. 7; 1998, c. 17, s. 64.
7. The Société de développement industriel du Québec may refuse to issue a validation certificate in respect of an investment which, though consistent with the literal meaning of this Act and the regulations, does not, in its opinion, meet the objectives pursued by this Act and the regulations.
The Société de développement industriel du Québec may in particular refuse to issue a validation certificate in respect of an investment made by a qualified investor where one or more shareholders of the qualified corporation hold a significant interest, as defined by regulation, in the qualified investor.
1992, c. 46, s. 7.
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