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S-29.1 - Act respecting Québec business investment companies

Section 13.2
Disposition versions

Full text
13.2. If it is of the opinion that an investment meets the objectives pursued by this Act, the body designated under section 1 may
(1)  validate it as a qualified investment even if it was made before the registration of the company if, considering the circumstances, the time within which the company was subsequently registered appears to be reasonable;
(2)  extend, in the case of a fledgling legal person, for the period it considers necessary according to the circumstances, the time limit fixed in paragraph 2 of section 12.1 to meet the requirement set out in subparagraph 5 of the third paragraph of section 12;
(3)  if an application therefor is filed with it before the date of the investment, admit a percentage lower than the percentage fixed in subparagraph 4 of the third paragraph of section 12, for the last 12 months preceding the date the investment is made or for any period prior to such date in the case of a legal person which has been in operation for less than 12 months.
1988, c. 80, s. 10; 1989, c. 72, s. 13; 1998, c. 17, s. 64; 1999, c. 40, s. 305; 1999, c. 83, s. 302; 2010, c. 37, s. 132.
13.2. If it is of the opinion that an investment meets the objectives pursued by this Act, Investissement Québec may
(1)  validate it as a qualified investment even if it was made before the registration of the company if, considering the circumstances, the time within which the company was subsequently registered appears to be reasonable;
(2)  extend, in the case of a fledgling legal person, for the period it considers necessary according to the circumstances, the time limit fixed in paragraph 2 of section 12.1 to meet the requirement set out in subparagraph 5 of the third paragraph of section 12;
(3)  if an application therefor is filed with it before the date of the investment, admit a percentage lower than the percentage fixed in subparagraph 4 of the third paragraph of section 12, for the last 12 months preceding the date the investment is made or for any period prior to such date in the case of a legal person which has been in operation for less than 12 months.
1988, c. 80, s. 10; 1989, c. 72, s. 13; 1998, c. 17, s. 64; 1999, c. 40, s. 305; 1999, c. 83, s. 302.
13.2. If it is of the opinion that an investment meets the objectives pursued by this Act, Investissement-Québec may
(1)  validate it as a qualified investment even if it was made before the registration of the company if, considering the circumstances, the time within which the company was subsequently registered appears to be reasonable;
(2)  extend, in the case of a fledgling legal person, for the period it considers necessary according to the circumstances, the time limit fixed in paragraph 2 of section 12.1 to meet the requirement set out in subparagraph 5 of the third paragraph of section 12;
(3)  if an application therefor is filed with it before the date of the investment, admit a percentage lower than the percentage fixed in subparagraph 4 of the third paragraph or in paragraph 2 of section 12.3, for the last 12 months preceding the date the investment is made or for any period prior to such date in the case of a legal person which has been in operation for less than 12 months.
1988, c. 80, s. 10; 1989, c. 72, s. 13; 1998, c. 17, s. 64; 1999, c. 40, s. 305.
13.2. If it is of the opinion that an investment meets the objectives pursued by this Act, Investissement-Québec may
(1)  validate it as a qualified investment even if it was made before the registration of the company if, considering the circumstances, the time within which the company was subsequently registered appears to be reasonable;
(2)  extend, in the case of a fledgling corporation, for the period it considers necessary according to the circumstances, the time limit fixed in paragraph 2 of section 12.1 to meet the requirement set out in subparagraph 5 of the third paragraph of section 12;
(3)  if an application therefor is filed with it before the date of the investment, admit a percentage lower than the percentage fixed in subparagraph 4 of the third paragraph or in paragraph 2 of section 12.3, for the last 12 months preceding the date the investment is made or for any period prior to such date in the case of a corporation which has been in operation for less than 12 months.
1988, c. 80, s. 10; 1989, c. 72, s. 13; 1998, c. 17, s. 64.
13.2. If it is of the opinion that an investment meets the objectives pursued by this Act, the Société de développement industriel du Québec may
(1)  validate it as a qualified investment even if it was made before the registration of the company if, considering the circumstances, the time within which the company was subsequently registered appears to be reasonable;
(2)  extend, in the case of a fledgling corporation, for the period it considers necessary according to the circumstances, the time limit fixed in paragraph 2 of section 12.1 to meet the requirement set out in subparagraph 5 of the third paragraph of section 12;
(3)  if an application therefor is filed with it before the date of the investment, admit a percentage lower than the percentage fixed in subparagraph 4 of the third paragraph or in paragraph 2 of section 12.3, for the last 12 months preceding the date the investment is made or for any period prior to such date in the case of a corporation which has been in operation for less than 12 months.
1988, c. 80, s. 10; 1989, c. 72, s. 13.
13.2. If it is of the opinion that an investment meets the objectives pursued by this Act, the Société de développement industriel du Québec may
(1)  validate it as a qualified investment even if it was made before the registration of the company if, considering the circumstances, the time within which the company was subsequently registered appears to be reasonable;
(2)  extend, in the case of a fledgling corporation, for the period it considers necessary according to the circumstances, the time limit fixed in paragraph 2 of section 12.1 to meet the requirement set out in subparagraph 5 of the third paragraph of section 12;
(3)  if an application therefor is filed with it before the date of the investment, admit a percentage lower than the percentage fixed in subparagraph 4 of the third paragraph or in subparagraph 2 of the fourth paragraph of section 12, for the last 12 months preceding the date the investment is made or for any period prior to such date in the case of a corporation which has been in operation for less than 12 months.
1988, c. 80, s. 10.
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