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S-10.2 - Act respecting the Société de développement et de mise en valeur du Parc olympique
Section 11
Disposition versions
11. For the purposes of this Act, a legal person or partnership controlled by the Société is a subsidiary of the Société.
A legal person is controlled by the Société when the Société holds, directly or through legal persons it controls, more than 50% of the voting rights attached to the legal person’s equity securities or is in a position to elect a majority of its directors.
A partnership is controlled by the Société when the Société holds, directly or through legal persons it controls, more than 50% of the equity securities. However, a limited partnership is controlled by the Société when the Société or a legal person it controls is a general partner of the partnership.
In force: 2020-11-01
11. For the purposes of this Act, a legal person or partnership controlled by the Société is a subsidiary of the Société.
A legal person is controlled by the Société when the Société holds, directly or through legal persons it controls, more than 50% of the voting rights attached to the legal person’s equity securities or is in a position to elect a majority of its directors.
A partnership is controlled by the Société when the Société holds, directly or through legal persons it controls, more than 50% of the equity securities. However, a limited partnership is controlled by the Société when the Société or a legal person it controls is a general partner of the partnership.
