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S-28 - Act respecting corporations for the development of Québec business firms
Section 34
Disposition versions
34. Any investment in a small or medium sized firm is also subject to the following restrictions:
(a) subject to a corporation’s right to require assignment to it of the sums insured under a life insurance policy, no property of the small or medium sized firm or of its owners or shareholders shall be encumbered by any charge or hypothec to guarantee repayment of the debt to the corporation;
(b) a corporation shall not invest in an unincorporated small or medium sized firm except by way of an unsecured loan.
