F-3.2.1 - Act to establish the Fonds de solidarité des travailleurs du Québec (F.T.Q.)

Section 8 Disposition versions

1993-06-18

8. Subject to section 123.56 of the Companies Act (chapter C-38), only a natural person may acquire or hold class “A” shares or fractional shares. No holder of class “A” shares or fractional shares may alienate them and no such shares or fractional shares may be purchased by agreement by the Fund, except with the authorization of the board of directors or a committee composed of persons designated by it for that purpose.

The Fund may purchase class “A” shares or fractional shares by agreement only where and so far as provided by a policy adopted by the board of directors and approved by the Minister of Finance and only at a price not in excess of the price of redemption fixed in accordance with the second or third paragraph of section 11.

1983, c. 58, s. 8; 1986, c. 69, s. 1; 1989, c. 78, s. 2; 1993, c. 47, s. 2.

1989-06-22

8. Subject to section 123.56 of the Companies Act (chapter C-38), only a natural person may acquire or hold class “A” shares or fractional shares. No holder of class “A” shares or fractional shares may alienate them and no such shares or fractional shares may be purchased by agreement by the Fund, except with the authorization of the board of directors or a committee composed of persons designated by it for that purpose.

The Fund may purchase class “A” shares or fractional shares by agreement only where and so far as provided by a policy adopted by the board of directors and approved by the Minister of Finance and only at a price not in excess of the price of redemption fixed in accordance with the second paragraph of section 11.

1983, c. 58, s. 8; 1986, c. 69, s. 1; 1989, c. 78, s. 2.

1986-06-20

8. Subject to section 123.56 of the Compagnies Act (chapter C-38), only a natural person may purchase or hold class “A” shares. No holder of class “A” shares may alienate them and no such shares may be purchased by agreement by the Fonds except by authorization of the board of directors or a committee composed of persons designated by it for that purpose.

The Fonds may purchase class “A” shares by agreement only where and so far as provided by a policy adopted by the board of directors and approved by the Minister of Finance and only at a price not in excess of the price of redemption fixed in accordance with the second paragraph of section 11.

1983, c. 58, s. 8; 1986, c. 69, s. 1.

1983-06-23

8. Only a natural person may purchase or hold class “A” shares. No holder of class “A” shares may alienate them except by authorization of the board of directors or a committee composed of persons designated by it for that purpose.

1983, c. 58, s. 8.