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F-3.2.0.4 - Act respecting security funds

Section 38
Disposition versions

Full text
38. The fund may acquire and hold bonds or other securities issued by any savings company holding a licence under the Act respecting trust companies and savings companies (chapter S-29.01) and any loan and savings society registered in accordance with the Loan and Investment Societies Act (chapter S-30), which has been specially approved by the Government for the application of this section and the ordinary operations of which in Québec are to make loans to municipalities, school boards, the Conseil scolaire de l’île de Montréal and fabriques, or loans secured by first hypothec on landed property situated in Québec.
1979, c. 53, s. 38; 1987, c. 95, s. 402; 1988, c. 84, s. 575; 1992, c. 57, s. 529; 1996, c. 2, s. 604; 1999, c. 40, s. 90.
38. The corporation may acquire and hold bonds or other securities issued by any savings company holding a licence under the Act respecting trust companies and savings companies (chapter S-29.01) and any loan and savings society registered in accordance with the Loan and Investment Societies Act (chapter S-30), which has been specially approved by the Government for the application of this section and the ordinary operations of which in Québec are to make loans to municipalities, school boards, the Conseil scolaire de l’île de Montréal and fabriques, or loans secured by first hypothec on real estate situated in Québec.
1979, c. 53, s. 38; 1987, c. 95, s. 402; 1988, c. 84, s. 575; 1992, c. 57, s. 529; 1996, c. 2, s. 604.
38. The corporation may acquire and hold bonds or other securities issued by any savings company holding a licence under the Act respecting trust companies and savings companies (chapter S-29.01) and any loan and savings society registered in accordance with the Loan and Investment Societies Act (chapter S-30), which has been specially approved by the Government for the application of this section and the ordinary operations of which in Québec are to make loans to municipal corporations, school boards, the Conseil scolaire de l’île de Montréal and fabriques, or loans secured by first hypothec on real estate situated in Québec.
1979, c. 53, s. 38; 1987, c. 95, s. 402; 1988, c. 84, s. 575; 1992, c. 57, s. 529.
38. The corporation may acquire and hold bonds or other securities issued by any savings company holding a licence under the Act respecting trust companies and savings companies (chapter S-29.01) and any loan and savings society registered in accordance with the Loan and Investment Societies Act (chapter S-30), which has been specially approved by the Government for the application of this section and the ordinary operations of which in Québec are to make loans to municipal corporations, school boards, the Conseil scolaire de l’île de Montréal and fabriques, or loans secured by first privilege or first hypothec on real estate situated in Québec.
1979, c. 53, s. 38; 1987, c. 95, s. 402; 1988, c. 84, s. 575.
38. The corporation may acquire and hold bonds or other securities issued by any savings company holding a licence under the Act respecting trust companies and savings companies (chapter S-29.01) and any loan and savings society registered in accordance with the Loan and Investment Societies Act (chapter S-30), which has been specially approved by the Government for the application of this section and the ordinary operations of which in Québec are to make loans to municipal or school corporations and fabriques, or loans secured by first privilege or first hypothec on real estate situated in Québec.
1979, c. 53, s. 38; 1987, c. 95, s. 402.
38. The corporation may acquire and hold bonds or other securities issued by any loan society incorporated by an act of the Legislature or authorized to do business in Québec under the Loan and Investment Societies Act (chapter S-30), which has been specially approved by the Government for the application of this section and the ordinary operations of which in Québec are to make loans to municipal or school corporations and fabriques, or loans secured by first privilege or first hypothec on real estate situated in Québec.
1979, c. 53, s. 38.
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