S-10.1 - Act respecting the Naskapi Development Corporation

Section 7 Disposition versions

1999-10-22

7. The Corporation must,

(1)  until 4 July 1999, invest directly or through one or more of its wholly owned legal persons, constituted as legal persons either by special Act of Québec or under Québec laws of general application, at least 50% of the compensation provided for in subsection 16.1 of the Agreement, as it is received, in the investments described in the schedule;

(2)  until 4 July 1989, invest directly or through one or more of its wholly owned legal persons, constituted as legal persons either by special Act of Québec or under Québec laws of general application, at least 25%, in addition to the minimum of 50% contemplated in paragraph 1, of the compensation referred to in subsection 16.1 of the Agreement, as it is received, in the investments described in the schedule.

1979, c. 26, s. 7; 1999, c. 40, s. 277.

1979-08-15

7. The Corporation must,

(1)  until 4 July 1999, invest directly or through one or more of its wholly owned corporations, incorporated either by special act of Québec or under Québec laws of general application, at least fifty per cent of the compensation provided for in subsection 16.1 of the Agreement, as it is received, in the investments described in the schedule;

(2)  until 4 July 1989, invest directly or through one or more of its wholly owned corporations, incorporated either by special act of Québec or under Québec laws of general application, at least twenty-five per cent, in addition to the minimum of fifty per cent contemplated in paragraph 1, of the compensation referred to in subsection 16.1 of the Agreement, as it is received, in the investments described in the schedule.

1979, c. 26, s. 7.