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I-3 - Taxation Act

Section 1129.27.7
Disposition versions

Full text
1129.27.7. Section 1129.27.6 does not apply in respect of a share that is redeemed or purchased by the Corporation under
(a)  paragraph 3 of section 12 of the Act constituting Capital régional et coopératif Desjardins (chapter C-6.1); or
(b)  a provision of the purchase by agreement policy approved by the Minister of Finance in accordance with the second paragraph of section 11 of the Act referred to in paragraph a, under which the Corporation may purchase by agreement a share it issued because no amount was deducted in respect of the share under section 776.1.5.0.11.
2002, c. 9, s. 125.
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