S-17.1 - Act respecting the Société immobilière du Québec

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29. The Société shall sign, in favour of the Minister of Finance, a note in the amount of
(1)  the value of the property transferred, excluding the value of sums receivable and payable, less
(2)  the value of the property contemplated in section 28 and the value of the fully-paid shares of the Société on the date of the transfer for which the Government ordered payment in property.
The amount of the note and the value of the shares mentioned in subparagraph 2 of the first paragraph decrease the net debt of the Government, as defined in the public accounts prepared under the Financial Administration Act (chapter A-6).
The note is payable on demand to the Minister of Finance, including by the delivery of shares of the Société or by setting off against any sum the Government may owe to the Société, and includes any other terms and conditions determined by the Government.
1983, c. 40, s. 29; 1999, c. 40, s. 295.
29. The corporation shall sign, in favour of the Minister of Finance, a note in the amount of
(1)  the value of the movable and immovable property transferred, excluding the value of sums receivable and payable, less
(2)  the value of the property contemplated in section 28 and the value of the fully-paid shares of the corporation on the date of the transfer for which the Government ordered payment in property.
The amount of the note and the value of the shares mentioned in subparagraph 2 of the first paragraph decrease the net debt of the Government, as defined in the public accounts prepared under the Financial Administration Act (chapter A-6).
The note is payable on demand to the Minister of Finance, including by the delivery of shares of the corporation or by setting off against any sum the Government may owe to the corporation, and includes any other terms and conditions determined by the Government.
1983, c. 40, s. 29.