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

Section 39 Disposition versions

1982-12-01

39. (1)  For the purposes of section 38, the following are related persons:

(a)  individuals connected by blood relationship, marriage or adoption;

(b)  a partnership and a person who is a member thereof or with whom one or more partners are so connected or by whom more than one-half of its assets has been advanced;

(c)  a company and a person who directly or indirectly controls it or who holds more than one-half of its capital stock or who has provided it, by loan or otherwise, with more than one-half of its business assets;

(d)  companies directly or indirectly controlled by the same person or group of persons;

(e)  a company and a person who is one of several related persons by whom such company is directly or indirectly controlled.

(2)  For the purposes of this section:

(a)  persons are connected by blood relationship if one is the descendant of the other or is his brother or sister;

(b)  persons are connected by marriage if one is married to the other or to a person connected with the other by blood relationship or by adoption;

(c)  persons are connected by adoption if one has been adopted, legally or defacto, and would be connected with the other by blood relationship if his filiation by adoption were filiation by blood.

1971, c. 64, s. 39; 1982, c. 17, s. 34.

1977-12-31

39. (1)  For the purposes of section 38, the following are related persons:

(a)  individuals connected by blood relationship, marriage or adoption;

(b)  a partnership and a person who is a member thereof or with whom one or more partners are so connected or by whom more than one-half of its assets has been advanced;

(c)  a company and a person who directly or indirectly controls it or who holds more than one-half of its capital stock or who has provided it, by loan or otherwise, with more than one-half of its business assets;

(d)  companies directly or indirectly controlled by the same person or group of persons;

(e)  a company and a person who is one of several related persons by whom such company is directly or indirectly controlled.

(2)  For the purposes of this section:

(a)  persons are connected by blood relationship if one is the descendant of the other or is his brother or sister;

(b)  persons are connected by marriage if one is married to the other or to a person connected with the other by blood relationship;

(c)  persons are connected by adoption if one has been adopted legally or defacto as the child of a person connected with the other by blood relationship otherwise than as brother or sister.

1971, c. 64, s. 39.