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F-3.2.0.4 - Act respecting security funds

Section 43
Disposition versions

Full text
43. The fund shall at all times maintain at least l0 % of its assets in deposits payable on demand in a bank or with a trust company.
Furthermore, it shall not, in the exercise of the powers conferred on it by this division,
(1)  invest more than 10 % of its assets in deposits with federations and with the Caisse centrale Desjardins du Québec;
(2)  invest more than 25 % of its assets in investments contemplated in sections 37 to 42;
(3)  acquire more than 5 % of the shares of the same legal person.
Investments made under sections 37.1 and 39.1 shall not be taken into account for the purposes of subparagraph 2 of the second paragraph.
In addition, the fund shall not acquire shares, bonds or other securities of a legal person which fails to pay the prescribed dividends on its shares or the interest on its bonds or other securities, nor make a loan to such a legal person.
1979, c. 53, s. 43; 1994, c. 38, s. 29; 1999, c. 40, s. 90.
43. The corporation shall at all times maintain at least l0 % of its assets in deposits payable on demand in a bank or with a trust company.
Furthermore, it shall not, in the exercise of the powers conferred on it by this division,
(1)  invest more than 10 % of its assets in deposits with federations and with the Caisse centrale Desjardins du Québec;
(2)  invest more than 25 % of its assets in investments contemplated in sections 37 to 42;
(3)  acquire more than 5 % of the shares of the same corporation.
Investments made under sections 37.1 and 39.1 shall not be taken into account for the purposes of subparagraph 2 of the second paragraph.
In addition, the corporation shall not acquire shares, bonds or other securities of a corporation which fails to pay the prescribed dividends on its shares or the interest on its bonds or other securities, nor make a loan to such a corporation.
1979, c. 53, s. 43; 1994, c. 38, s. 29.
43. The corporation shall at all times maintain at least l0% of its assets in deposits payable on demand in a bank or with a trust company.
Furthermore, it shall not, in the exercise of the powers conferred on it by this division,
(1)  invest more than 10% of its assets in deposits with federations and with the Caisse centrale Desjardins du Québec;
(2)  invest more than 25% of its assets in investments contemplated in sections 37 to 42;
(3)  acquire more than 5% of the shares of the same corporation.
In addition, the corporation shall not acquire shares, bonds or other securities of a corporation which fails to pay the prescribed dividends on its shares or the interest on its bonds or other securities, nor make a loan to such a corporation.
1979, c. 53, s. 43.
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