Consolidated Statutes and Regulations Consolidated Statutes Consolidated Regulations Annual Statutes and Regulations Annual Statutes Annual Regulations Additional information Québec Official Publisher What’s new? Information note Policy of the Minister of Justice Laws: Amendments Laws: Provisions not in force Laws: Provisions brought into force Annual Statutes: PDF versions since 1996 Regulations: Amendments Annual Regulations: PDF versions since 1996 Court Decisions

V-1.1 - Securities Act

Section 1
Disposition versions

Full text
1. This Act applies to the following forms of investment:
(1)  any security recognized as such in the trade, more particularly, a share, bond, capital stock of an entity constituted as a legal person, or a subscription right or warrant;
(2)  an instrument, other than a bond, evidencing a loan of money;
(3)  a deposit of money, whether or not evidenced by a certificate except a deposit received by the Gouvernement du Québec, the Government of Canada, or one of their departments or agencies;
(4)  (subparagraph repealed);
(5)  (subparagraph repealed);
(6)  a share in an investment club;
(7)  an investment contract;
(8)  (subparagraph repealed);
(8.1)  an option or other non-traded derivative whose value is derived from, referenced to or based on the value or market price of a security, granted as compensation or as payment for a good or service;
(9)  any other form of investment determined by regulation of the Government.
An investment contract is a contract whereby a person, having been led to expect profits, undertakes to participate in the risk of a venture by a contribution of capital or loan, without having the required knowledge to carry on the venture or without obtaining the right to participate directly in decisions concerning the carrying on of the venture.
1982, c. 48, s. 1; 1999, c. 40, s. 327; 2001, c. 38, s. 2; 2008, c. 7, s. 137; 2008, c. 24, s. 196.
1. This Act applies to the following forms of investment:
(1)  any security recognized as such in the trade, more particularly, a share, bond, capital stock of an entity constituted as a legal person, or a subscription right or option to purchase;
(2)  an instrument, other than a bond, evidencing a loan of money;
(3)  a deposit of money, whether or not evidenced by a certificate except a deposit received by the Gouvernement du Québec, the Government of Canada, or one of their departments or agencies;
(4)  an option or a negotiable futures contract pertaining to securities, or a Treasury bond futures contract;
(5)  an option on a commodity futures contract or financial instrument futures contract;
(6)  a share in an investment club;
(7)  an investment contract;
(8)  any option negotiable on a published market;
(9)  any other form of investment determined by regulation of the Government.
An investment contract is a contract whereby a person, having been led to expect profits, undertakes to participate in the risk of a venture by a contribution of capital or loan, without having the required knowledge to carry on the venture or without obtaining the right to participate directly in decisions concerning the carrying on of the venture.
1982, c. 48, s. 1; 1999, c. 40, s. 327; 2001, c. 38, s. 2; 2008, c. 7, s. 137.
1. This Act applies to the following forms of investment:
(1)  any security recognized as such in the trade, more particularly, a share, bond, capital stock of an entity constituted as a legal person, or a subscription right or option to purchase;
(2)  an instrument, other than a bond, evidencing a loan of money;
(3)  a deposit of money, whether or not evidenced by a certificate except a deposit received by the Gouvernement du Québec, the Government of Canada, or one of their departments or agencies;
(4)  an option or a negotiable futures contract pertaining to securities, or a Treasury bond futures contract;
(5)  an option on a commodity futures contract or financial instrument futures contract;
(6)  a share in an investment club;
(7)  an investment contract;
(8)  any option negotiable on an organized market;
(9)  any other form of investment determined by regulation of the Government.
An investment contract is a contract whereby a person, having been led to expect profits, undertakes to participate in the risk of a venture by a contribution of capital or loan, without having the required knowledge to carry on the venture or without obtaining the right to participate directly in decisions concerning the carrying on of the venture.
1982, c. 48, s. 1; 1999, c. 40, s. 327; 2001, c. 38, s. 2.
1. This Act applies to the following forms of investment:
(1)  any security recognized as such in the trade, more particularly, a share, bond, capital stock of an entity constituted as a legal person, or a subscription right or option to purchase;
(2)  an instrument, other than a bond, evidencing a loan of money;
(3)  a deposit of money, whether or not evidenced by a certificate except a deposit received by the Gouvernement du Québec, the Government of Canada, or one of their departments or agencies;
(4)  an option or a negotiable futures contract pertaining to securities, or a Treasury bond futures contract;
(5)  an option on a commodity futures contract or financial instrument futures contract;
(6)  a share in an investment club;
(7)  an investment contract;
(8)  any option negotiable on an organized market;
(9)  any other form of investment determined by regulation.
An investment contract is a contract whereby a person, having been led to expect profits, undertakes to participate in the risk of a venture by a contribution of capital or loan, without having the required knowledge to carry on the venture or without obtaining the right to participate directly in decisions concerning the carrying on of the venture.
1982, c. 48, s. 1; 1999, c. 40, s. 327.
1. This Act applies to the following forms of investment:
(1)  any security recognized as such in the trade, more particularly, a share, bond, capital stock of an incorporated entity, subscription right or option to purchase;
(2)  an instrument, other than a bond, evidencing a loan of money;
(3)  a deposit of money, whether or not evidenced by a certificate except a deposit received by the Gouvernement du Québec, the Government of Canada, or one of their departments or agencies;
(4)  an option or a negotiable futures contract pertaining to securities, or a Treasury bond futures contract;
(5)  an option on a commodity futures contract or financial instrument futures contract;
(6)  a share in an investment club;
(7)  an investment contract;
(8)  any option negotiable on an organized market;
(9)  any other form of investment determined by regulation.
An investment contract is a contract whereby a person, having been led to expect profits, undertakes to participate in the risk of a venture by a contribution of capital or loan, without having the required knowledge to carry on the venture or without obtaining the right to participate directly in decisions concerning the carrying on of the venture.
1982, c. 48, s. 1.
© Gouvernement du Québec