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S-17 - Act respecting the Société générale de financement du Québec

Section 11
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11. Each payment following a subscription for capital stock of the company is allocated to the full payment of a proportional number of shares; upon such a payment, a certificate shall be issued for a corresponding number of paid-up shares.
1962, c. 54, s. 11; 1983, c. 18, s. 6.
11. Shares subscribed for and allotted shall be payable in one or more instalments upon call by resolution of the directors.
Each payment on account of a subscription for capital stock shall be applied to the full payment of a proportional number of shares.
The subscriber shall be entitled to a certificate for a number of paid-up shares corresponding to the payment made.
1962, c. 54, s. 11.
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