C-6.1 - Act constituting Capital régional et coopératif Desjardins

Section 8.1 Disposition versions

2019-06-19

8.1. For the purposes of this Act,

“capitalization period” means:

(1)  a period that is

(a)  the period that begins on 1 July 2001 and ends on 31 December 2001,

(b)  the period that begins on 1 January 2002 and ends on 28 February 2003,

(c)  the period that begins on 1 March 2003 and ends on 29 February 2004,

(d)  the period that begins on 31 March 2004 and ends on 28 February 2005,

(e)  the period that begins on 1 March 2005 and ends on 28 February 2006, or

(f)  the period that begins on 24 March 2006 and ends on 28 February 2007; or

(2)  a period that begins on 1 March of a year subsequent to 2006 and ends on the last day of February of the following year;

“conversion period” means a period that begins on 1 March of a year subsequent to 2017 and ends on the last day of February of the following year;

“promise to purchase by way of exchange” made by a natural person at a particular time means an irrevocable undertaking made in writing at that time by the person to purchase from the Société a class “B” share or fractional share of its capital stock and to pay, for such a purchase, a consideration composed exclusively of a share or fractional share, as the case may be, issued under section 9 that the person has been holding at that time for at least seven years, provided, at the particular time, the person

(1)  has never obtained, as a consequence of the application of any of paragraphs 1, 2 and 4 of section 12, the redemption of a share or fractional share of the Société; and

(2)  has never succeeded in having the Société purchase by agreement a share or fractional share from the person in accordance with the purchase by agreement policy referred to in the second paragraph of section 11, otherwise than under a provision of that policy that allows the Société to purchase by agreement a share or fractional share it issued because no amount was deducted in respect of that share or fractional share under section 776.1.5.0.11 of the Taxation Act (chapter I-3).

2004, c. 21, s. 1; 2006, c. 36, s. 5; 2011, c. 6, s. 11; 2019, c. 14, s. 14.

2011-06-06

8.1. For the purposes of this Act, “capitalization period” means

(1)  a period that is

(a)  the period that begins on 1 July 2001 and ends on 31 December 2001,

(b)  the period that begins on 1 January 2002 and ends on 28 February 2003,

(c)  the period that begins on 1 March 2003 and ends on 29 February 2004,

(d)  the period that begins on 31 March 2004 and ends on 28 February 2005,

(e)  the period that begins on 1 March 2005 and ends on 28 February 2006, or

(f)  the period that begins on 24 March 2006 and ends on 28 February 2007; or

(2)  a period that begins on 1 March of a year subsequent to 2006 and ends on the last day of February of the following year.

2004, c. 21, s. 1; 2006, c. 36, s. 5; 2011, c. 6, s. 11.

2006-12-06

8.1. For the purposes of this Act, “capitalization period” means a period that is

(1)  the period that begins on 1 July 2001 and ends on 31 December 2001;

(2)  the period that begins on 1 January 2002 and ends on 28 February 2003; or

(3)  the period that begins on 1 March 2003 and ends on 29 February 2004;

(4)  the period that begins on 31 March 2004 and ends on 28 February 2005;

(5)  the period that begins on 1 March 2005 and ends on 28 February 2006;

(6)  the period that begins on 24 March 2006 and ends on 28 February 2007;

(7)  the period that begins on 1 March 2007 and ends on 29 February 2008;

(8)  the period that begins on 1 March 2008 and ends on 28 February 2009;

(9)  the period that begins on 1 March 2009 and ends on 28 February 2010; or

(10)  the period that begins on 1 March 2010 and ends on 28 February 2011.

2004, c. 21, s. 1; 2006, c. 36, s. 5.

2004-11-03

8.1. For the purposes of this Act, “capitalization period” means a period that is

(1)  the period that begins on 1 July 2001 and ends on 31 December 2001;

(2)  the period that begins on 1 January 2002 and ends on 28 February 2003; or

(3)  for any period beginning after 28 February 2003, the period that begins on 1 March of a calendar year and ends on the last day of February of the following calendar year, not extending beyond 28 February 2011, except that, in respect of the capitalization period that ends on 28 February 2005, that period begins on 31 March 2004.

2004, c. 21, s. 1.