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S-29.01 - Act respecting trust companies and savings companies

Section 74
Disposition versions

Full text
74. No prohibition applies under section 72
(1)  where the allotment or transfer does not in effect increase the percentage of voting rights already held, directly or indirectly, by a non-resident or by all the non-residents and their associates;
(2)  to the allotment or transfer of voting shares where non-residents and their associates already hold over 50% of the voting rights;
(3)  to the allotment of shares carrying over 50% of the voting rights to non-residents and their associates at the incorporation of a company.
1987, c. 95, s. 74.
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