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

Section 7 Disposition versions

1994-06-17

7. The Corporation shall carry out any mandate entrusted to it by the Government to promote the carrying out of a project of major economic importance for Québec by granting the assistance defined by the Government.

An order entrusting a mandate pertaining to a matter under the jurisdiction of a minister other than the Minister of Industry, Trade, Science and Technology shall be made on the recommendation of that other minister in cooperation with the Minister of Industry, Trade, Science and Technology.

1971, c. 64, s. 7; 1974, c. 56, s. 4; 1979, c. 13, s. 2; 1982, c. 39, s. 2; 1986, c. 110, s. 2; 1988, c. 41, s. 89; 1994, c. 16, s. 51.

1988-12-21

7. The Corporation shall carry out any mandate entrusted to it by the Government to promote the carrying out of a project of major economic importance for Québec by granting the assistance defined by the Government.

An order entrusting a mandate pertaining to a matter under the jurisdiction of a minister other than the Minister of Industry, Trade and Technology shall be made on the recommendation of that other minister in cooperation with the Minister of Industry, Trade and Technology.

1971, c. 64, s. 7; 1974, c. 56, s. 4; 1979, c. 13, s. 2; 1982, c. 39, s. 2; 1986, c. 110, s. 2; 1988, c. 41, s. 89.

1987-03-01

7. The Corporation shall carry out any mandate entrusted to it by the Government to promote the carrying out of a project of major economic importance for Québec by granting the assistance defined by the Government.

An order entrusting a mandate pertaining to a matter under the jurisdiction of a minister other than the Minister of Industry and Commerce shall be made on the recommendation of that other minister in cooperation with the Minister of Industry and Commerce.

1971, c. 64, s. 7; 1974, c. 56, s. 4; 1979, c. 13, s. 2; 1982, c. 39, s. 2; 1986, c. 110, s. 2.

1982-06-23

7. Assistance may be in the form of

(a)  a subsidy;

(b)  an assumption of the whole or part of the interest on the borrowings of a business;

(c)  a partial exemption from repayment of a loan obtained from the Corporation;

(d)  an acquisition of shares of a business, provided the Corporation is not the majority holder thereof at any time;

(e)  assistance defined by regulation.

1971, c. 64, s. 7; 1974, c. 56, s. 4; 1979, c. 13, s. 2; 1982, c. 39, s. 2.

1979-06-22

7. Financial assistance may be in the form of an acquisition by the Corporation of immoveables, machinery, tools or equipment required to operate a manufacturing business for the purposes of re-selling or leasing them, upon conditions considered appropriate, to the owner of a manufacturing business who previously undertook to purchase or lease them upon such conditions.

The Corporation shall not hold securities wich increase its total investment in shares of businesses to which it has granted assistance to more than 30 per cent of its total assets.

1971, c. 64, s. 7; 1974, c. 56, s. 4; 1979, c. 13, s. 2.

1977-12-31

7. Financial assistance may be in the form of an acquisition by the Corporation of immoveables, machinery, tools or equipment required to operate a manufacturing business for the purposes of re-selling or leasing them, upon conditions considered appropriate, to the owner of a manufacturing business who previously undertook to purchase or lease them upon such conditions.

It may also be in the form of the acquisition by the Corporation of shares in a business contemplated in section 2, provided that at no time it holds the majority of the capital stock of such business; moreover, the Corporation shall not hold securities which increase its total investment in shares of such businesses to more than 30% of its total assets.

1971, c. 64, s. 7; 1974, c. 56, s. 4.