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A-32.1 - Insurers Act
Section 84
Disposition versions
84. No authorized Québec insurer may acquire or hold contributed capital securities issued by a legal person or a partnership or participations in a trust in excess of
(1) 30% of the value of those securities or participations; or
(2) the number of those securities or participations allowing it to exercise more than 30% of the voting rights.
Nor may an authorized Québec insurer be the co-owner of property if its share of the right of ownership is greater than 30% without exceeding 50%, alone or together with the shares of groups affiliated with it.
In force: 2019-06-13
84. No authorized Québec insurer may acquire or hold contributed capital securities issued by a legal person or a partnership or participations in a trust in excess of
(1) 30% of the value of those securities or participations; or
(2) the number of those securities or participations allowing it to exercise more than 30% of the voting rights.
Nor may an authorized Québec insurer be the co-owner of property if its share of the right of ownership is greater than 30% without exceeding 50%, alone or together with the shares of groups affiliated with it.
