C-2 - Act respecting the Caisse de dépôt et placement du Québec

Section 27 Disposition versions

1999-10-22

27. The Fund may acquire and hold bonds or other evidences of indebtedness issued by a legal person:

(a)  if they are fully secured by hypothec on landed property and equipment or by hypothec on evidences of indebtedness acceptable as investments for the Fund; or

(b)  if they are secured by hypothec on equipment and the legal person has paid in full the interest on its other debts during the ten years preceding the acquisition; or

(c)  if they are issued or fully guaranteed by a legal person whose common or preferred shares may be acquired and held by the Fund under section 30 or 31.

1965 (1st sess.), c. 23, s. 24; 1969, c. 27, s. 7; 1992, c. 22, s. 9; 1992, c. 57, s. 450; 1999, c. 40, s. 42.

1994-01-01

27. The Fund may acquire and hold bonds or other evidences of indebtedness issued by a legal person:

(a)  if they are fully secured by hypothec on real estate and equipment or by hypothec on evidences of indebtedness acceptable as investments for the Fund; or

(b)  if they are secured by hypothec on equipment and the legal person has paid in full the interest on its other debts during the ten years preceding the acquisition; or

(c)  if they are issued or fully guaranteed by a legal person whose common or preferred shares may be acquired and held by the Fund under section 30 or 31.

1965 (1st sess.), c. 23, s. 24; 1969, c. 27, s. 7; 1992, c. 22, s. 9; 1992, c. 57, s. 450.

1992-06-23

27. The Fund may acquire and hold bonds or other evidences of indebtedness issued by a legal person:

(a)  if they are fully secured by hypothec on real estate and equipment or by pledge of evidences of indebtedness acceptable as investments for the Fund; or

(b)  if they are secured by privilege on equipment and the legal person has paid in full the interest on its other debts during the ten years preceding the acquisition; or

(c)  if they are issued or fully guaranteed by a legal person whose common or preferred shares may be acquired and held by the Fund under section 30 or 31.

1965 (1st sess.), c. 23, s. 24; 1969, c. 27, s. 7; 1992, c. 22, s. 9.

1977-12-31

27. The Fund may acquire and hold bonds or other evidences of indebtedness issued by a company:

(a)  if they are fully secured by hypothec on real estate and equipment or by pledge of evidences of indebtedness acceptable as investments for the Fund; or

(b)  if they are secured by privilege on equipment and the company has paid in full the interest on its other debts during the ten years preceding the acquisition; or

(c)  if they are issued or fully guaranteed by a company which, during each of the five years preceding the acquisition, has

 — paid on its common shares a dividend at least equal to the weighted average of the annual dividend rates specified on all its preferred shares, or

 — obtained on its common shares a net yield of at least 4% of their book value.

The total investment of the Fund in bonds or other evidences of indebtedness contemplated in paragraph c and issued or guaranteed by one company shall not exceed 1% of its total assets.

1965 (1st sess.), c. 23, s. 24; 1969, c. 27, s. 7.