S-29.1 - Act respecting Québec business investment companies

Section 15.2.1 Disposition versions

1999-12-20

15.2.1. (Repealed).

1989, c. 72, s. 16; 1999, c. 40, s. 305; 1999, c. 83, s. 303.

1999-10-22

15.2.1. A stock ownership plan may provide that the expression “eligible employee of a qualified legal person” also means any individual residing in Québec who is in the employ of a subsidiary not less than 50 % of the shares of the issued capital stock of which, with full voting rights under all circumstances, are owned directly or indirectly by the qualified legal person and who, immediately before the acquisition of the shares from the company, and immediately before its registration, holds directly, indirectly or with related persons who are not employed by the qualified legal person or by such a subsidiary, less than 5 % of the shares of the capital stock of the qualified legal person.

1989, c. 72, s. 16; 1999, c. 40, s. 305.

1989-12-20

15.2.1. A stock ownership plan may provide that the expression “eligible employee of a qualified corporation” also means any individual residing in Québec who is in the employ of a subsidiary not less than 50 % of the shares of the issued capital stock of which, with full voting rights under all circumstances, are owned directly or indirectly by the qualified corporation and who, immediately before the acquisition of the shares from the company, and immediately before its registration, holds directly, indirectly or with related persons who are not employed by the qualified corporation or by such a subsidiary, less than 5 % of the shares of the capital stock of the qualified corporation.

1989, c. 72, s. 16.