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C-2 - Act respecting the Caisse de dépôt et placement du Québec

Section 36
Disposition versions

Full text
36. A security held by the Fund as a result of the reorganization or winding-up of a legal person, the amalgamation of legal persons or the realization of a security securing an investment of the Fund, and that could not otherwise be held by the Fund under this Act, may not be held by the Fund for more than four years.
As well, a security held by the Fund as a result of the exercise or realization, on the initiative of the Fund or otherwise, of contractual rights or obligations, and that could not otherwise be held by the Fund under this Act, may not be held by the Fund for more than four years.
1965 (1st sess.), c. 23, s. 32; 1980, c. 11, s. 36; 1992, c. 22, s. 18; 1997, c. 88, s. 10.
36. The Fund may not hold for more than four years any security which it holds following the reorganization or winding-up of a legal person, the amalgamation of legal persons, the realization of a security securing an investment of the Fund or the realization or exercise of contractual rights or obligations, and which it could not otherwise hold under this Act.
1965 (1st sess.), c. 23, s. 32; 1980, c. 11, s. 36; 1992, c. 22, s. 18.
36. If, following the reorganization, winding-up or amalgamation of a company, securities held by the Fund are replaced by other securities which the Fund may not hold under sections 27 to 33, it shall not hold the same for more than two years without regarding them as investments made under section 34.
1965 (1st sess.), c. 23, s. 32; 1980, c. 11, s. 36.
36. If, following the reorganization, winding-up or amalgamation of a company, securities held by the Fund are replaced by other securities which the Fund may not hold under sections 27 to 33, it shall not hold the same for more than two years without regarding them as investments made under section 35.
1965 (1st sess.), c. 23, s. 32.
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