C-6.1 - Act constituting Capital régional et coopératif Desjardins

Section 11 Disposition versions

2019-06-19

11. Subject to section 11.1, only a natural person may acquire or hold class “A” or class “B” shares or fractional shares of the Société. The holder of class “A” or class “B” shares or fractional shares may not alienate them and such shares or fractional shares, subject to section 123.56 of the Companies Act (chapter C-38), may not be purchased by agreement by the Société, except with the authorization of the board of directors or a committee composed of persons designated by the board for that purpose.

The Société may purchase by agreement class “A” or class “B” shares or fractional shares only in the cases and to the extent provided in a policy adopted by the board of directors and approved by the Minister of Finance and only at a price not exceeding the redemption price determined in accordance with section 15.

2001, c. 36, s. 11; 2019, c. 14, s. 20.

2001-07-01

11. Only a natural person may acquire or hold shares or fractional shares of the Société. The holder of shares or fractional shares may not alienate them and such shares or fractional shares, subject to section 123.56 of the Companies Act (chapter C-38), may not be purchased by agreement by the Société, except with the authorization of the board of directors or a committee composed of persons designated by the board for that purpose.

The Société may purchase by agreement shares or fractional shares only in the cases and to the extent provided in a policy adopted by the board of directors and approved by the Minister of Finance and only at a price not exceeding the redemption price determined in accordance with section 15.

2001, c. 36, s. 11.