S-29.01 - Act respecting trust companies and savings companies

Section 7 Disposition versions

1988-06-09

7. A legal person is controlled by another person where the latter person directly or indirectly holds shares therein to which are attached over 50% of the voting rights or where the votes attached to the shares held by the person are sufficient, if exercised, to elect a majority of the directors of that legal person.

1987, c. 95, s. 7.