I-16.1 - Act respecting Investissement Québec and La Financière du Québec

Section 37 Disposition versions

1998-08-21

37. The agency may not, without the authorization of the Government,

(1)  contract a loan that causes the total of its current outstanding loans to exceed the amount determined by the Government;

(2)  make a financial commitment in excess of the limits or in contravention of the terms and conditions determined by the Government;

(3)  acquire or hold shares in a legal person or an interest in a partnership in excess of the limits or in contravention of the terms and conditions determined by the Government;

(4)  transfer shares in a legal person or an interest in a partnership in excess of the limits or in contravention of the terms and conditions determined by the Government;

(5)  acquire or transfer other assets in excess of the limits or in contravention of the terms and conditions determined by the Government;

(6)  accept a gift or legacy to which a charge or condition is attached.

The amounts, limits and terms and conditions determined under this section may apply to the group formed by the agency and its subsidiaries or to one or more members of that group.

1998, c. 17, s. 37.