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S-16.011 - Act respecting the Société du Plan Nord

Section 9
Disposition versions

Full text
9. The Company may establish any subsidiary whose object is limited to exercising activities the Company itself can exercise. The same applies to a subsidiary of such a subsidiary.
A subsidiary has the same powers as the Company in exercising its activities, unless its constituting act withdraws or restricts those powers. The subsidiary exercises its activities in accordance with the provisions of this Act that apply to it.
The establishment of a subsidiary by the Company or one of its subsidiaries must be authorized by the Government, on the conditions determined by the latter.
2014, c. 16, s. 9.
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