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I-13.2.2 - Deposit Institutions and Deposit Protection Act

Section 28.31
Disposition versions

Full text
28.31. No authorized Québec deposit institution may acquire or hold contributed capital securities issued by a legal person or a partnership or participations in a trust in excess of
(1)  30% of the value of those securities or participations; or
(2)  the number of those securities or participations allowing it to exercise more than 30% of the voting rights.
Nor may an authorized Québec deposit institution be the co-owner of property if its share of the right of ownership is greater than 30% without exceeding 50%, alone or together with the shares of groups affiliated with it.
2018, c. 23, s. 353.
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