I-16.0.1 - Act respecting Investissement Québec

Section 12 Disposition versions

2011-04-01

12. The Company may

(1)  acquire equity securities issued by a legal person or a partnership;

(2)  acquire any other securities; and

(3)  acquire a right of ownership in the assets of an enterprise.

The Company may not invest more than 2.5% of the net value of its assets without the Government’s authorization.

The acquisition of a right of ownership of more than 30% of the net value of the assets of an enterprise must be authorized by the Minister; when that right applies to more than 50% of the net value of the assets of the enterprise, the acquisition must be authorized by the Government.

The Government or, as the case may be, the Minister may subject the authorization to conditions.

The third paragraph does not apply if the acquisition of a right of ownership in the assets of an enterprise results from the acquisition of equity securities of a partnership, if that acquisition is authorized under section 8 or if such an authorization is not required under that section.

2010, c. 37, s. 12.