38. In the case of a partnership or a legal person, the issue of a permit is subject to the requirement that each partner or director, in addition to the partnership or legal person, and each shareholder holding 10% or more of the shares with full voting rights of the legal person also fulfil all the conditions except, if it is listed on a Canadian stock exchange, the conditions prescribed by section 36.
1979, c. 71, s. 38; 1997, c. 51, s. 22; 1999, c. 40, s. 210.