T-0.1 - Act respecting the Québec sales tax

Section 332.1 Disposition versions

2020-09-24

332.1. A person or a group of persons holds qualifying voting control in respect of a corporation at any time if, at that time,

(1)  the person, or the members of the group collectively, as the case may be, own shares of the capital stock of the corporation to which are attached not less than 90% of the shareholder votes that may be cast in respect of each matter, other than a matter

(a)  for which a statute of a country, or of a state, province, or other political subdivision of a country, that applies to the corporation provides, in respect of the vote of the shareholders of the corporation on the matter, that

i.  any shareholder of the corporation has voting rights that are different from the voting rights that the shareholder would otherwise have under the letters patent, instrument of continuance or other constituting act by which the corporation was incorporated or continued, including any amendment to, or restatement of, such an instrument or act, or

ii.  holders of a class or series of shares of the capital stock of the corporation are entitled to vote separately, or

(b)  that is a prescribed matter or a matter that meets prescribed conditions or arises in prescribed circumstances; or

(2)  the person or group, as the case may be, is a prescribed person or group in relation to the corporation.

2020, c. 16, s. 227.