15. Notwithstanding section 13, a qualified legal person is deemed to be dealing at arm’s length with a company where each of the shareholders of the qualified legal person, except that company, holds alone or with any person related to it, directly or indirectly, less than 5% of the voting shares of the share capital of that qualified legal person.
O.C. 1627-85, s. 15; O.C. 883-88, ss. 4 and 6; O.C. 1136-2004, s. 15.