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S-29.1, r. 1 - Québec Business Investment Companies Regulation

Section 24
Disposition versions

Full text
24. Every qualified legal person must operate primarily in one or more of the sectors of activity covered by section 3 for the 24 months following the date of a qualified investment, unless it has become necessary for ensuring its profitability to operate in another sector of activity. In such case, prior authorization by Investissement Québec is required.
A qualified legal person in financial difficulty may not cease its activities during the 24 months following the date of a qualified investment without prior authorization by Investissement Québec.
O.C. 1627-85, s. 24; O.C. 1256-90, s. 10; O.C. 1136-2004, s. 15.
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