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C-4 - Savings and Credit Unions Act

Section 139
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139. Any federation contemplated in section 138 may also acquire fully paid shares issued by a corporation incorporated in Canada and doing business in Québec,
(a)  if the corporation which issued them has, during each of the five years preceding the acquisition, earned and paid on its outstanding preferred shares a dividend at least equal to the specified rate; and
(b)  if such corporation has, during each of the five years preceding the acquisition, earned and paid on its common shares a dividend of at least four per cent of their book value.
1970, c. 59, s. 44.
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