S-11.01 - Act respecting the Société de développement industriel du Québec

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3. To attain its object, the Corporation shall
(1)  grant financial assistance to any business under a financial assistance program contemplated in section 5;
(2)  give advice on capital structure to businesses who submit an application for financial assistance.
1971, c. 64, s. 3; 1979, c. 13, s. 1; 1982, c. 39, s. 2; 1986, c. 110, s. 2.
3. The Corporation may, in accordance with the programs of financial assistance, offer financing as a complement to that offered by the financial institutions, to businesses in the sectors of manufacturing, tourism and tertiary actuators.
For the purposes of this section, the Corporation may, in accordance with the programs established by government regulation, finance a business that is carrying out a profitable project and is unable to obtain adequate financing from the financial institutions.
1971, c. 64, s. 3; 1979, c. 13, s. 1; 1982, c. 39, s. 2.
3. Financial assistance may be granted in the form of
(a)  a loan;
(b)  a guarantee of repayment of the whole or a part of a financial commitment;
(c)  an acquisition of shares of the capital stock of a business, provided the Corporation is not the majority holder thereof at any time;
(d)  an assumption of part of the borrowing costs of a business;
(e)  a partial exemption from repayment of a loan made by the Corporation for the benefit of a business contemplated in paragraph e of section 2.
1971, c. 64, s. 3; 1979, c. 13, s. 1.
3. To be entitled to financial assistance, a manufacturing business must be managed by administrators who give evidence of competence and efficiency and have the experience required to ensure the achievement of the purposes for which such assistance is applied for, and the proper functioning and profitability of the business.
1971, c. 64, s. 3.