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C-67.3, r. 1 - Regulation respecting the acquisition of shares by certain financial services cooperatives

Section 4
Disposition versions

Full text
4. A financial services cooperative that is a federation may acquire 30% to 50% of the assets or the voting rights attached to the shares of holding companies established under the laws of Québec, where all of the following conditions apply:
(1)  the holding company is established for the sole purpose of acquiring all or part of the securities of a legal person or partnership whose activities are exclusively commercial or industrial;
(2)  the holding company is controlled by a legal person from the same group.
The voting rights attached to the shares of the holding company may enable the financial services cooperative to elect more than one-third of the directors of that holding company.
O.C. 691-2001, s. 4.
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