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S-29.1, r. 1 - Québec Business Investment Companies Regulation
Section 19.1
Disposition versions
19.1. For the purposes of the Act and the regulations made thereunder and in the case of a qualified legal person that was the subject of a qualified investment and that amalgamates with another legal person, the following rules apply:
(1) the expression “qualified legal person” must be interpreted as referring to the qualified legal person replaced that was the subject of a qualified investment and to the new legal person resulting from the amalgamation;
(2) shares issued by the legal person resulting from the amalgamation in exchange for shares of the qualified legal person replaced that was the subject of a qualified investment are deemed to be shares of a qualified legal person that was the subject of a qualified investment;
(3) the requirements and obligations applicable to the qualified legal person replaced apply, with the necessary modifications, to the new legal person resulting from the amalgamation.
