F-3.2.0.4 - Act respecting security funds

Section 37 Disposition versions

1999-10-22

37. The fund may acquire and hold bonds or other securities issued by a legal person constituted in Canada and carrying on business in Québec,

(1)  if they are secured by first hypothec on landed property and equipment, or by hypothec on securities allowable for investment under this division;

(2)  if they are secured by first hypothec on equipment and if the legal person has paid in full the interest on its other debts during the 10 years preceding the acquisition; or

(3)  if the legal person which issued them has, during each of the five years preceding the acquisition, earned and paid on its common shares a dividend of at least 4 % of their book value.

1979, c. 53, s. 37; 1992, c. 57, s. 528; 1999, c. 40, s. 90.

1994-01-01

37. The corporation may acquire and hold bonds or other securities issued by a corporation incorporated in Canada and carrying on business in Québec,

(1)  if they are secured by first hypothec on real estate and equipment, or by hypothec on securities allowable for investment under this division;

(2)  if they are secured by first hypothec on equipment and if the corporation has paid in full the interest on its other debts during the 10 years preceding the acquisition; or

(3)  if the corporation which issued them has, during each of the five years preceding the acquisition, earned and paid on its common shares a dividend of at least 4 % of their book value.

1979, c. 53, s. 37; 1992, c. 57, s. 528.

1979-11-27

37. The corporation may acquire and hold bonds or other securities issued by a corporation incorporated in Canada and carrying on business in Québec,

(1)  if they are secured by privilege or hypothec ranking first on real estate and equipment, or by pledge of securities allowable for investment under this division;

(2)  if they are secured by privilege ranking first on equipment and if the corporation has paid in full the interest on its other debts during the ten years preceding the acquisition; or

(3)  if the corporation which issued them has, during each of the five years preceding the acquisition, earned and paid on its common shares a dividend of at least 4% of their book value.

1979, c. 53, s. 37.