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C-2 - Act respecting the Caisse de dépôt et placement du Québec

Section 31
Disposition versions

Full text
31. The Fund may also acquire and hold common shares of
(a)  a legal person whose principal object is to invest in immovable property or to carry on one or more activities or operate businesses relating to immovable property, or whose principal object is to acquire and hold, directly or indirectly, the shares and other securities of such legal persons;
(a.1)  a legal person whose principal activity consists in building, or carrying on one or more other activities or operating businesses related to, infrastructures;
(a.2)  a legal person whose principal object is to acquire and hold, directly or indirectly, the shares and other securities issued by legal persons described in subparagraph a.1;
(b)  a legal person whose shares have a potential for yield or growth;
(c)  (subparagraph replaced);
(d)  (subparagraph replaced).
1965 (1st sess.), c. 23, s. 28; 1970, c. 18, s. 4; 1987, c. 83, s. 2; 1992, c. 22, s. 13; 1997, c. 88, s. 5; 2004, c. 33, s. 19; 2015, c. 17, s. 2; 2023, c. 10, s. 21.
31. The Fund may also acquire and hold common shares of
(a)  a legal person whose principal object is to invest in immovable property or to carry on one or more activities or operate businesses relating to immovable property, or whose principal object is to acquire and hold, directly or indirectly, the shares and other securities of such legal persons;
(a.1)  a legal person whose principal activity consists in building, or carrying on one or more other activities or operating businesses related to, the infrastructures of a single operation;
(a.2)  a legal person whose principal object is to acquire and hold, directly or indirectly, the shares and other securities issued by legal persons described in subparagraph a.1;
(b)  a legal person whose shares have a potential for yield or growth;
(c)  (subparagraph replaced);
(d)  (subparagraph replaced).
Each project that is the subject of an agreement entered into under section 88.10 of the Transport Act (chapter T-12) constitutes a single operation within the meaning of subparagraph a.1 of the first paragraph.
1965 (1st sess.), c. 23, s. 28; 1970, c. 18, s. 4; 1987, c. 83, s. 2; 1992, c. 22, s. 13; 1997, c. 88, s. 5; 2004, c. 33, s. 19; 2015, c. 17, s. 2.
31. The Fund may also acquire and hold common shares of
(a)  a legal person whose principal object is to invest in immovable property or to carry on one or more activities or operate businesses relating to immovable property, or whose principal object is to acquire and hold, directly or indirectly, the shares and other securities of such legal persons;
(b)  a legal person whose shares have a potential for yield or growth;
(c)  (subparagraph replaced);
(d)  (subparagraph replaced).
1965 (1st sess.), c. 23, s. 28; 1970, c. 18, s. 4; 1987, c. 83, s. 2; 1992, c. 22, s. 13; 1997, c. 88, s. 5; 2004, c. 33, s. 19.
31. The Fund may also acquire and hold common shares of
(a)  a legal person whose principal object is to invest in immovable property or to carry on one or more activities or operate businesses relating to immovable property, or whose principal object is to acquire and hold, directly or indirectly, the shares and other securities of such legal persons;
(b)  a legal person whose shares have a potential for yield or growth;
(c)  (subparagraph replaced);
(d)  (subparagraph replaced).
The Fund may acquire and hold units of indexed funds.
1965 (1st sess.), c. 23, s. 28; 1970, c. 18, s. 4; 1987, c. 83, s. 2; 1992, c. 22, s. 13; 1997, c. 88, s. 5.
31. The Fund may also acquire and hold common shares of
(a)  a legal person which has as its principal object the acquisition, holding, leasing or administration of immovables or which has as its object the holding of shares or other securities of such legal persons;
(b)  a legal person whose shares have a potential for yield or growth;
(c)  (subparagraph replaced);
(d)  (subparagraph replaced).
The Fund may acquire and hold units of indexed funds.
1965 (1st sess.), c. 23, s. 28; 1970, c. 18, s. 4; 1987, c. 83, s. 2; 1992, c. 22, s. 13.
31. The Fund may also acquire and hold common shares of
(a)  a company which has as its sole object the acquisition, holding, leasing or management of immovables;
(b)  a company which, on the average during four of the five years preceding the acquisition, obtained a yield or paid a dividend on its common shares of at least 4 % of their book value;
(c)  a company constituted less than five years before the acquisition, provided the total investment of the Fund in common shares of companies of that category does not exceed 3 % of its total assets;
(d)  a company whose securities, listed on a stock exchange, are easily marketable according to the definition and conditions fixed by by-law of the Fund.
1965 (1st sess.), c. 23, s. 28; 1970, c. 18, s. 4; 1987, c. 83, s. 2.
31. The Fund may acquire and hold fully paid common shares of any company which, during each of the five years preceding the acquisition, has obtained on its common shares a net yield of at least 4% of the book value thereof or of a company which has as its sole object the acquisition, holding, leasing or administration of immoveables.
1965 (1st sess.), c. 23, s. 28; 1970, c. 18, s. 4.
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