F-3.1.2 - Act to establish Fondaction, le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l’emploi

Section 18 Disposition versions

2017-02-08

18. For the purposes of this Act, “enterprise” means a partnership or a legal person pursuing economic objects; “investment” includes any financial assistance granted to an enterprise in the form of a loan, a guarantee, security, an acquisition of bonds or other titles of indebtedness or an interest in share capital or capital stock, or in any other form

Except for the purposes of subparagraph 8 of the fifth paragraph of section 19, an investment in an entity that is not an enterprise within the meaning of the first paragraph and that is either a partnership (other than a partnership that is an investment fund) or a legal person is deemed to be an investment in a particular enterprise, if the investment was made with a view to investing in the particular enterprise.

1995, c. 48, s. 18; 1999, c. 55, s. 4; 2017, c. 1, s. 45.

1999-11-05

18. For the purposes of this Act, “enterprise” means a partnership or a legal person pursuing economic objects; “investment” includes any financial assistance granted to an enterprise in the form of a loan, a guarantee, security, an acquisition of bonds or other titles of indebtedness or an interest in share capital or capital stock, or in any other form

1995, c. 48, s. 18; 1999, c. 55, s. 4.

1995-06-22

18. For the purposes of this Act, unless the context indicates otherwise,

(1)  “enterprise” means a partnership or legal person carrying on organized economic activity in Québec and at least 10 % of whose employees are resident in Québec;

(2)  “Québec enterprise” means an enterprise the majority of whose employees are resident in Québec, whose assets are less than $100 000 000 and whose net equity is less $40 000 000. The assets or net equity of a Québec enterprise are the assets or net equity shown in the financial statements for its fiscal year ended before the date on which the investment is made, minus the write-up surplus of its property and intangible assets. In the case of an enterprise which has not completed its first fiscal year, an independent chartered accountant must confirm in writing to the Fund that the assets or net equity, as the case may be, of the enterprise are, immediately before the investment, under the limits prescribed in this paragraph;

(3)  “investment” means any financial assistance granted to an enterprise in the form of a loan, guarantee, security, acquisition of bonds or other evidences of indebtedness or shareholding or in any other form.

1995, c. 48, s. 18.