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CCQ-1991 - Civil Code of Québec
Section 1340
Disposition versions
1340. The administrator decides on the investments to make according to the yield and the anticipated capital gain; so far as possible, he works towards a diversified portfolio producing fixed income and variable revenues in the proportion suggested by the prevailing economic conditions.
He may not, however, acquire more than five per cent of the shares of the same company, nor acquire shares, bonds or other evidences of indebtedness of a legal person or limited partnership which has failed to pay the dividends set for its shares or the interest on its bonds or other securities, nor grant a loan to that legal person or partnership.
1340. The administrator decides on the investments to make according to the yield and the anticipated capital gain; so far as possible, he works toward a diversified portfolio producing fixed income and variable revenues in the proportion suggested by the prevailing economic conditions.
He may not, however, acquire more than five per cent of the shares of the same company, nor acquire shares, bonds or other evidences of indebtedness of a legal person or limited partnership which has failed to pay the dividends set for its shares or the interest on its bonds or other securities, nor grant a loan to that legal person or partnership.
1340. The administrator decides on the investments to make according to the yield and the anticipated capital gain; so far as possible, he works toward a diversified portfolio producing fixed income and variable revenues in the proportion suggested by the prevailing economic conditions.
He may not, however, acquire more than 5% of the shares of the same company nor acquire shares, bonds or other evidences of indebtedness of a legal person or limited partnership which has failed to pay the prescribed dividends on its shares or interest on its bonds or other securities, nor grant a loan to that legal person or partnership.
