T-0.1 - Act respecting the Québec sales tax

Section 140.1 Disposition versions

1994-06-17

140.1. For the purposes of the definition of “para-municipal organization” in section 139, such an organization is the organization of a municipal body if

(1)  all or substantially all of the shares of the organization are owned by the municipal body or all or substantially all of the assets held by the organization are owned by the municipal body or are assets the disposition of which is controlled by the municipal body so that, in the event of a winding-up of the organization, those assets are vested in the municipal body; or

(2)  the organization is required to submit to the municipal body the periodic operating and, where applicable, capital budget of the organization for approval and a majority of the members of the governing body of the organization are appointed by the municipal body.

1994, c. 22, s. 430.