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E-6.1 - Act respecting the regulation of the financial sector

Section 39
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39. The Authority may not, without the authorization of the Government
(1)  contract a loan that causes the aggregate of its outstanding loans to exceed the amount determined by the Government;
(2)  make a financial commitment in excess of the limits or in contravention of the terms and conditions determined by the Government;
(3)  acquire or transfer assets in excess of the limits or in contravention of the terms and conditions determined by the Government.
The Authority may not accept any gift or legacy. Nor may it receive any financial contribution except
(1)  a financial contribution from the Gouvernement du Québec or from another government in Canada, a department or agency of such a government, a municipality or an agency of a municipality in order to participate in projects related to the Authority’s mission within the framework of an agreement under section 33 between that government, department, municipality or agency and the Authority; or
(2)  a financial contribution referred to in the second paragraph of section 38.2.
2002, c. 45, s. 39; 2004, c. 37, s. 90; 2008, c. 7, s. 9.
39. The Authority may not, without the authorization of the Government
(1)  contract a loan that causes the aggregate of its outstanding loans to exceed the amount determined by the Government;
(2)  make a financial commitment in excess of the limits or in contravention of the terms and conditions determined by the Government;
(3)  acquire or transfer assets in excess of the limits or in contravention of the terms and conditions determined by the Government.
The Authority may not accept any gift, legacy or subsidy.
2002, c. 45, s. 39; 2004, c. 37, s. 90.
39. The Agency may not, without the authorization of the Government
(1)  contract a loan that causes the aggregate of its outstanding loans to exceed the amount determined by the Government;
(2)  make a financial commitment in excess of the limits or in contravention of the terms and conditions determined by the Government;
(3)  acquire or transfer assets in excess of the limits or in contravention of the terms and conditions determined by the Government.
The Agency may not accept any gift, legacy or subsidy.
2002, c. 45, s. 39.
© Gouvernement du Québec