S-14.1 - Act respecting the Société du Palais des congrès de Montréal

Section 21 Disposition versions

2007-12-21

21. In no case may the Société, 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)  build, acquire or dispose of immovables;

(3)  make a financial commitment for a greater amount than that determined by the Government;

(4)  acquire or hold stocks or shares of another legal person.

1981, c. 6, s. 21; 1999, c. 40, s. 289; 2007, c. 37, s. 20.

1999-10-22

21. In no case may the Société, without the authorization of the Government,

(1)  contract a loan that increases the aggregate of its outstanding loans to over $500 000;

(2)  build, acquire or dispose of immovables;

(3)  make a financial commitment for a greater amount than that determined by the Government;

(4)  acquire or hold stocks or shares of another legal person.

1981, c. 6, s. 21; 1999, c. 40, s. 289.

1981-07-16

21. In no case may the corporation, without the authorization of the Government,

(1)  contract a loan that increases the aggregate of its outstanding loans to over $500 000;

(2)  build, acquire or dispose of immoveables;

(3)  make a financial commitment for a greater amount than that determined by the Government;

(4)  acquire or hold stocks or shares of another corporation.

1981, c. 6, s. 21.