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D-9.2 - Act respecting the distribution of financial products and services
Section 148
Disposition versions
148. (Repealed).
1998, c. 37, s. 148; 2018, c. 232018, c. 23, s. 5511.
148. Not more than 20% of the shares of a firm or voting rights attached to its shares may be held directly or indirectly by financial institutions, financial groups or legal persons related thereto.
However, the first paragraph shall not operate to prevent a firm from allotting its shares or registering a transfer of its shares to give effect to a contract entered into before 21 December 1988.
