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

Section 4 Disposition versions

2015-06-12

4. The Fund shall be a mandatary of the State.

The property belonging to the Fund shall be the property of the State, but the performance of the obligations of the Fund may be levied against such property. The Fund may bind itself in any way whatsoever, in particular by borrowing, using the property as security or encumbering it as though it were not the property of the State.

The Fund binds only itself when it acts in its own name. It acts with full independence in accordance with this Act.

The Fund’s wholly-owned subsidiaries are mandataries of the State and the provisions of this section are applicable to them.

In this Act, “wholly-owned subsidiary” means a legal person all of whose common shares are held directly or indirectly by the Fund.

1965 (1st sess.), c. 23, s. 4; 1970, c. 18, s. 1; 1992, c. 22, s. 1; 1999, c. 40, s. 42; 2004, c. 33, s. 2; 2015, c. 17, s. 1.

2005-01-15

4. The Fund shall be a mandatary of the State.

The property belonging to the Fund shall be the property of the State, but the performance of the obligations of the Fund may be levied against such property. The Fund may bind itself in any way whatsoever, in particular by borrowing, using the property as security or encumbering it as though it were not the property of the State.

The Fund binds only itself when it acts in its own name.

The Fund’s wholly-owned subsidiaries are mandataries of the State and the provisions of this section are applicable to them.

In this Act, “wholly-owned subsidiary” means a legal person all of whose common shares are held directly or indirectly by the Fund.

1965 (1st sess.), c. 23, s. 4; 1970, c. 18, s. 1; 1992, c. 22, s. 1; 1999, c. 40, s. 42; 2004, c. 33, s. 2.

1999-10-22

4. The Fund shall be a mandatary of the State.

The property belonging to the Fund shall be the property of the State, but the performance of the obligations of the Fund may be levied against such property. The Fund may bind itself in any way whatsoever, in particular by borrowing, using the property as security or encumbering it as though it were not the property of the State.

The Fund binds only itself when it acts in its own name.

Legal persons all of whose shares are held directly or indirectly by the Fund are mandataries of the State and the provisions of this section are applicable to them.

1965 (1st sess.), c. 23, s. 4; 1970, c. 18, s. 1; 1992, c. 22, s. 1; 1999, c. 40, s. 42.

1992-06-23

4. The Fund shall be an agent of the Crown in right of Québec.

The movable and immovable property belonging to the Fund shall be the property of the Crown in right of Québec, but the performance of the obligations of the Fund may be levied against such property. The Fund may bind itself in any way whatsoever, in particular by borrowing, using the property as security or encumbering it as though it were not the property of the Crown in right of Québec.

The Fund binds only itself when it acts in its own name.

Legal persons all of whose shares are held directly or indirectly by the Fund are agents of the Crown in right of Québec and the provisions of this section are applicable to them.

1965 (1st sess.), c. 23, s. 4; 1970, c. 18, s. 1; 1992, c. 22, s. 1.

1977-12-31

4. The Fund shall be an agent of the Crown in right of Québec.

The moveable and immoveable property belonging to the Fund shall be the property of the Crown in right of Québec.

Every alienation of immoveables by the Fund must first be authorized, generally or specially, by the Government.

Every authorization contemplated in the preceding paragraph shall have effect only from the date of its publication in the Gazette officielle du Québec.

1965 (1st sess.), c. 23, s. 4; 1970, c. 18, s. 1.