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S-25.01 - Act respecting mixed enterprise companies in the municipal sector
Section 14
Disposition versions
14. At least one of the founders with which the municipal founder must join to found a mixed enterprise company shall be either a person operating an enterprise in the private sector or a joint-stock company that is a mandatary of the State.
The person referred to in the first paragraph that operates an enterprise in the private sector must hold at least 20% of the paid up share capital of the mixed enterprise company. However, that rule does not apply where a joint-stock company that is a mandatary of the State is also a founder of the mixed enterprise company.
14. At least one of the founders with which the municipal founder must join to found a mixed enterprise company shall be either a person operating an enterprise in the private sector or a joint-stock company that is a mandatary of the Government.
The person referred to in the first paragraph that operates an enterprise in the private sector must hold at least 20 % of the paid up share capital of the mixed enterprise company. However, that rule does not apply where a joint-stock company that is a mandatary of the Government is also a founder of the mixed enterprise company.
