S-17 - Act respecting the Société générale de financement du Québec

Section 7 Disposition versions

1998-06-20

7. The shares of the company shall form part of the domain of the State and shall be allotted to the Minister of Finance.

1962, c. 54, s. 8; 1972, c. 52, s. 8; 1976, c. 12, s. 3; 1983, c. 18, s. 3; 1996, c. 44, s. 5; 1998, c. 45, s. 24.

1996-11-21

7. The shares of the company not already issued shall form part of the domain of the State and be allotted to the Minister of Finance.

1962, c. 54, s. 8; 1972, c. 52, s. 8; 1976, c. 12, s. 3; 1983, c. 18, s. 3; 1996, c. 44, s. 5.

1983-06-22

7. The shares of the company not already issued shall be reserved for Her Majesty in the right of Québec.

1962, c. 54, s. 8; 1972, c. 52, s. 8; 1976, c. 12, s. 3; 1983, c. 18, s. 3.

1977-12-31

7. The shares of the company not already issued shall be reserved for Her Majesty in the right of Québec.

No dividend shall be declared or paid on deferred-dividend shares before 1 January 1982 or even after such date unless, on or after 1 January 1982, the holder converts them into common shares, on the basis of one common share for each deferred-dividend share.

The conversion shall be effected, without further authorization or formality, by the return of the deferred-dividend share certificate to the secretary of the company. The secretary shall thereupon make the required entries in the books of the company and send the holder a certificate indicating the number of common shares obtained as a result of the conversion.

At the time of such conversion, the authorized number of deferred-dividend shares shall be decreased by the number of converted deferred-dividend shares and the authorized number of common shares shall be increased by the same number.

1962, c. 54, s. 8; 1972, c. 52, s. 8; 1976, c. 12, s. 3.