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A-6 - Financial Administration Act

Section 59
Disposition versions

Full text
59. (Replaced).
1970, c. 17, s. 59; 1977, c. 5, s. 14; 2000, c. 15, s. 166.
59. The Government may, as the interests of Québec require, change the form of any part of the then existing public debt including any debentures for which the Government is liable, by substituting one class of public securities for another or for such debentures, provided that the capital of the debt be not increased.
No such substitution shall be made unless the consent of the holder of the public security for which another is substituted is obtained, or unless such security is previously purchased or redeemed by or on account of the Government.
Such substitution may also be made by the sale of one class of public securities and the purchase of those for which it is desired to substitute them.
1970, c. 17, s. 59; 1977, c. 5, s. 14.
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