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I-15.1 - Act respecting market intermediaries

Section 54
Disposition versions

Full text
54. Section 53 does not apply, as regards the percentage of shares, to a firm incorporated in Canada to the extent that its shares were listed on a Canadian stock exchange on 21 December 1988.
Section 53 does not apply to a firm if its shares are held
(1)  by another firm incorporated in Canada the shares of which were listed on a Canadian stock exchange on 21 December 1988, as long as the latter does not, as regards the percentage of voting rights, become a related legal person;
(2)  by a legal person incorporated in Canada the shares of which were listed on a Canadian stock exchange on 21 December 1988 and which, on that date, controlled a firm referred to in the first paragraph, as long as that legal person does not, as regards the percentage of voting rights, become a related legal person.
1989, c. 48, s. 54.
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