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F-3.2.0.4 - Act respecting security funds

Section 40
Disposition versions

Full text
40. The fund may acquire and hold fully paid common shares issued by a legal person constituted in Canada and carrying on business in Québec, if the legal person which has 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. 40; 1999, c. 40, s. 90.
40. The corporation may acquire and hold fully paid common shares issued by a corporation incorporated in Canada and carrying on business in Québec, if the corporation which has 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. 40.
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