S-29.01 - Act respecting trust companies and savings companies

Section 67 Disposition versions

2004-12-17

67. No Québec company may effect the purchase or redemption of a share of its capital stock without prior authorization in writing of the Authority.

The first paragraph does not apply in the case of the purchase by a company of a share of its capital stock allotted to a director or employee within the scope of a share purchase plan. The company must, however, divest itself of or cancel such a share within two years of the purchase. The Authority may grant an extension on such conditions as it may fix.

1987, c. 95, s. 67; 2002, c. 45, s. 611; 2004, c. 37, s. 90.

2004-02-01

67. No Québec company may effect the purchase or redemption of a share of its capital stock without prior authorization in writing of the Agency.

The first paragraph does not apply in the case of the purchase by a company of a share of its capital stock allotted to a director or employee within the scope of a share purchase plan. The company must, however, divest itself of or cancel such a share within two years of the purchase. The Agency may grant an extension on such conditions as it may fix.

1987, c. 95, s. 67; 2002, c. 45, s. 611.

1988-06-09

67. No Québec company may effect the purchase or redemption of a share of its capital stock without prior authorization in writing of the Inspector General.

The first paragraph does not apply in the case of the purchase by a company of a share of its capital stock allotted to a director or employee within the scope of a share purchase plan. The company must, however, divest itself of or cancel such a share within two years of the purchase. The Inspector General may grant an extension on such conditions as he may fix.

1987, c. 95, s. 67.