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S-29.01 - Act respecting trust companies and savings companies
Section 220
Disposition versions
220. No Québec company may accept, as security for a loan,
(1) shares of its capital stock, except in the case of a security granted by an officer or an employee within the scope of a share purchasing program;
(2) debt securities contemplated in subparagraphs 1 and 2 of the first paragraph of section 193 issued by it;
(3) shares or debt securities of a legal person affiliated with it.
