S-29.1 - Act respecting Québec business investment companies

Section 15.2 Disposition versions

1999-12-20

15.2. (Repealed).

1986, c. 113, s. 7; 1999, c. 40, s. 305; 1999, c. 83, s. 303.

1999-10-22

15.2. The expression “eligible employee of a qualified legal person” means any individual residing in Québec who is in the employ of the qualified legal person or of a subsidiary not less than 90% of the shares of the issued capital stock of which having full voting rights under all circumstances are owned directly or indirectly by the qualified legal person and who, immediately before the acquisition of the shares, from the company, and immediately before its registration, holds directly, indirectly or with related persons who are not in the employ of the eligible legal person or of such a subsidiary, less than 5% of the shares of the issued capital stock of the qualified legal person.

1986, c. 113, s. 7; 1999, c. 40, s. 305.

1986-12-19

15.2. The expression “eligible employee of a qualified corporation” means any individual residing in Québec who is in the employ of the qualified corporation or of a subsidiary not less than 90% of the shares of the issued capital stock of which having full voting rights under all circumstances are owned directly or indirectly by the qualified corporation and who, immediately before the acquisition of the shares, from the company, and immediately before its registration, holds directly, indirectly or with related persons who are not in the employ of the eligible corporation or of such a subsidiary, less than 5% of the shares of the issued capital stock of the qualified corporation.

1986, c. 113, s. 7.