V-1 - Securities Act

Section 79 Disposition versions

1977-12-31

79. For the purposes of section 78:

(a)  the word “residence” means any building or part of a building in which the occupant resides, permanently or temporarily, and any premises appurtenant thereto, excepting a business office;

(b)  the term “individual” shall not include close personal friends or business associates of the broker or salesman, or customers with whom he habitually trades;

(c)  the expression “representations” includes visits, written solicitations and telephonic or telegraphic communications from a place situated in Québec or not, except, in the case of telephonic or telegraphic communications, if it is a matter of supplying to a person informations that he has himself requested. This expression shall not include however the sending by mail of invitations to subscribe for the purchase of securities or of offers to sell such securities, provided that such invitations or offers be accompanied with a prospectus meeting the requirements of section 70, nor the sending of communications addressed by a company to the registered holders of its securities, provided that in each of such cases, such invitations, offers or communications be made in good faith and be not a fraudulent act or an attempt to commit a fraudulent act within the meaning of section 52.

R. S. 1964, c. 274, s. 62.