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S-29.1 - Act respecting Québec business investment companies

Section 13.2
Disposition versions

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13.2. If it is of the opinion that an investment meets the objectives pursued by this Act, the body designated under section 1 may
(1)  validate it as a qualified investment even if it was made before the registration of the company if, considering the circumstances, the time within which the company was subsequently registered appears to be reasonable;
(2)  extend, in the case of a fledgling legal person, for the period it considers necessary according to the circumstances, the time limit fixed in paragraph 2 of section 12.1 to meet the requirement set out in subparagraph 5 of the third paragraph of section 12;
(3)  if an application therefor is filed with it before the date of the investment, admit a percentage lower than the percentage fixed in subparagraph 4 of the third paragraph of section 12, for the last 12 months preceding the date the investment is made or for any period prior to such date in the case of a legal person which has been in operation for less than 12 months.
1988, c. 80, s. 10; 1989, c. 72, s. 13; 1998, c. 17, s. 64; 1999, c. 40, s. 305; 1999, c. 83, s. 302; 2010, c. 37, s. 132.
13.2. If it is of the opinion that an investment meets the objectives pursued by this Act, Investissement Québec may
(1)  validate it as a qualified investment even if it was made before the registration of the company if, considering the circumstances, the time within which the company was subsequently registered appears to be reasonable;
(2)  extend, in the case of a fledgling legal person, for the period it considers necessary according to the circumstances, the time limit fixed in paragraph 2 of section 12.1 to meet the requirement set out in subparagraph 5 of the third paragraph of section 12;
(3)  if an application therefor is filed with it before the date of the investment, admit a percentage lower than the percentage fixed in subparagraph 4 of the third paragraph of section 12, for the last 12 months preceding the date the investment is made or for any period prior to such date in the case of a legal person which has been in operation for less than 12 months.
1988, c. 80, s. 10; 1989, c. 72, s. 13; 1998, c. 17, s. 64; 1999, c. 40, s. 305; 1999, c. 83, s. 302.
13.2. If it is of the opinion that an investment meets the objectives pursued by this Act, Investissement-Québec may
(1)  validate it as a qualified investment even if it was made before the registration of the company if, considering the circumstances, the time within which the company was subsequently registered appears to be reasonable;
(2)  extend, in the case of a fledgling legal person, for the period it considers necessary according to the circumstances, the time limit fixed in paragraph 2 of section 12.1 to meet the requirement set out in subparagraph 5 of the third paragraph of section 12;
(3)  if an application therefor is filed with it before the date of the investment, admit a percentage lower than the percentage fixed in subparagraph 4 of the third paragraph or in paragraph 2 of section 12.3, for the last 12 months preceding the date the investment is made or for any period prior to such date in the case of a legal person which has been in operation for less than 12 months.
1988, c. 80, s. 10; 1989, c. 72, s. 13; 1998, c. 17, s. 64; 1999, c. 40, s. 305.
13.2. If it is of the opinion that an investment meets the objectives pursued by this Act, Investissement-Québec may
(1)  validate it as a qualified investment even if it was made before the registration of the company if, considering the circumstances, the time within which the company was subsequently registered appears to be reasonable;
(2)  extend, in the case of a fledgling corporation, for the period it considers necessary according to the circumstances, the time limit fixed in paragraph 2 of section 12.1 to meet the requirement set out in subparagraph 5 of the third paragraph of section 12;
(3)  if an application therefor is filed with it before the date of the investment, admit a percentage lower than the percentage fixed in subparagraph 4 of the third paragraph or in paragraph 2 of section 12.3, for the last 12 months preceding the date the investment is made or for any period prior to such date in the case of a corporation which has been in operation for less than 12 months.
1988, c. 80, s. 10; 1989, c. 72, s. 13; 1998, c. 17, s. 64.
13.2. If it is of the opinion that an investment meets the objectives pursued by this Act, the Société de développement industriel du Québec may
(1)  validate it as a qualified investment even if it was made before the registration of the company if, considering the circumstances, the time within which the company was subsequently registered appears to be reasonable;
(2)  extend, in the case of a fledgling corporation, for the period it considers necessary according to the circumstances, the time limit fixed in paragraph 2 of section 12.1 to meet the requirement set out in subparagraph 5 of the third paragraph of section 12;
(3)  if an application therefor is filed with it before the date of the investment, admit a percentage lower than the percentage fixed in subparagraph 4 of the third paragraph or in paragraph 2 of section 12.3, for the last 12 months preceding the date the investment is made or for any period prior to such date in the case of a corporation which has been in operation for less than 12 months.
1988, c. 80, s. 10; 1989, c. 72, s. 13.
13.2. If it is of the opinion that an investment meets the objectives pursued by this Act, the Société de développement industriel du Québec may
(1)  validate it as a qualified investment even if it was made before the registration of the company if, considering the circumstances, the time within which the company was subsequently registered appears to be reasonable;
(2)  extend, in the case of a fledgling corporation, for the period it considers necessary according to the circumstances, the time limit fixed in paragraph 2 of section 12.1 to meet the requirement set out in subparagraph 5 of the third paragraph of section 12;
(3)  if an application therefor is filed with it before the date of the investment, admit a percentage lower than the percentage fixed in subparagraph 4 of the third paragraph or in subparagraph 2 of the fourth paragraph of section 12, for the last 12 months preceding the date the investment is made or for any period prior to such date in the case of a corporation which has been in operation for less than 12 months.
1988, c. 80, s. 10.
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