P-44.1 - Act respecting the legal publicity of enterprises

Section 150 Disposition versions

2023-05-31

150. The Government may make regulations determining

(0.1)  the cases and conditions according to which a natural person is considered to be an ultimate beneficiary;

(1)  standards for the composition of names for the purposes of subparagraph 4 of the first paragraph of section 17;

(2)  the public authorities referred to in subparagraph 6 of the first paragraph of section 17;

(3)  cases in which a name of a registrant falsely suggests that the registrant is related to another person, trust, partnership or group of persons for the purposes of subparagraph 7 of the first paragraph of section 17;

(4)  criteria for the purposes of subparagraphs 7 and 8 of the first paragraph of section 17;

(5)  the terms relating to the declaration of the condition under which each ultimate beneficiary became one, the percentage of voting rights that may be exercised by each ultimate beneficiary according to the number of shares or units of the registrant that each one holds or controls or of which each one is a beneficiary and the percentage of the fair market value corresponding to the value of the number of shares or units of the registrant that each ultimate beneficiary holds or controls or of which each one is a beneficiary; and

(6)  the information contained in the register that may not be consulted.

2010, c. 7, s. 150; 2010, c. 40, s. 52; 2021, c. 19, s. 25; 2023, c. 10, s. 43.

2023-03-31

150. The Government may make regulations determining

(0.1)  the cases and conditions according to which a natural person is considered to be an ultimate beneficiary;

(1)  standards for the composition of names for the purposes of subparagraph 4 of the first paragraph of section 17;

(2)  the public authorities referred to in subparagraph 6 of the first paragraph of section 17;

(3)  cases in which a name of a registrant falsely suggests that the registrant is related to another person, trust, partnership or group of persons for the purposes of subparagraph 7 of the first paragraph of section 17;

(4)  criteria for the purposes of subparagraphs 7 and 8 of the first paragraph of section 17;

(5)  the terms relating to the declaration of the type of control exercised by each ultimate beneficiary or of the percentage of shares or units each one holds or of which each one is a beneficiary; and

(6)  the information contained in the register that may not be consulted.

2010, c. 7, s. 150; 2010, c. 40, s. 52; 2021, c. 19, s. 25.

2014-07-01

150. The Government may make regulations determining

(1)  standards for the composition of names for the purposes of subparagraph 4 of the first paragraph of section 17;

(2)  the public authorities referred to in subparagraph 6 of the first paragraph of section 17;

(3)  cases in which a name of a registrant falsely suggests that the registrant is related to another person, trust, partnership or group of persons for the purposes of subparagraph 7 of the first paragraph of section 17; and

(4)  criteria for the purposes of subparagraphs 7 and 8 of the first paragraph of section 17.

2010, c. 7, s. 150; 2010, c. 40, s. 52.

2011-02-14

150. The Government may make regulations determining

(1)  standards for the composition of names for the purposes of subparagraph 4 of the first paragraph of section 17;

(2)  the public authorities referred to in subparagraph 6 of the first paragraph of section 17;

(3)  cases in which a name of a registrant falsely suggests that the registrant is related to another person, partnership or group of persons for the purposes of subparagraph 7 of the first paragraph of section 17; and

(4)  criteria for the purposes of subparagraphs 7 and 8 of the first paragraph of section 17.

2010, c. 7, s. 150.