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S-10 - Act respecting the Société de développement coopératif

Section 30
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30. The corporation shall not subscribe capital stock of a single cooperative undertaking for an amount greater than three times the total amount of the common or preferred shares, otherwise subscribed and paid-up, of the capital stock of that undertaking.
For the purposes of the preceding paragraph, the total amount of the common or preferred shares subscribed and paid-up must not include the amount of the common or preferred shares previously subscribed by the corporation.
1977, c. 69, s. 30.
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