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S-29.01 - Act respecting trust companies and savings companies

Section 319
Disposition versions

Full text
319. Where the Authority is of the opinion that the value assigned by a Québec company to an immovable property held by the company or by its subsidiary is too high, the Authority may require the company to cause an appraiser approved by the Authority to appraise the property or cause it to be appraised itself. Following the appraisal, the Authority may assign the value it deems appropriate to the immovable property or change the book value of the investment of the company in its subsidiary.
1987, c. 95, s. 319; 2002, c. 45, s. 611; 2004, c. 37, s. 90.
319. Where the Agency is of the opinion that the value assigned by a Québec company to an immovable property held by the company or by its subsidiary is too high, the Agency may require the company to cause an appraiser approved by the Agency to appraise the property or cause it to be appraised itself. Following the appraisal, the Agency may assign the value it deems appropriate to the immovable property or change the book value of the investment of the company in its subsidiary.
1987, c. 95, s. 319; 2002, c. 45, s. 611.
319. Where the Inspector General is of the opinion that the value assigned by a Québec company to an immovable property held by the company or by its subsidiary is too high, he may require the company to cause an appraiser approved by him to appraise the property or cause it to be appraised himself. Following the appraisal, the Inspector General may assign the value he deems appropriate to the immovable property or change the book value of the investment of the company in its subsidiary.
1987, c. 95, s. 319.
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