S-13.01 - Act respecting the Société des établissements de plein air du Québec

Section 28 Disposition versions

1999-10-22

28. In no case may the Société, except with the authorization of the Government,

(1)  contract a loan that increases the aggregate of its outstanding loans to more than the amount determined by the Government;

(2)  enter into a contract for a term or an amount exceeding the term or amount determined by the Government;

(3)  accept a gift or legacy to which a charge or condition is attached;

(4)  acquire or hold shares of a legal person or an interest in a partnership;

(5)  dispose of an immovable otherwise than by a sale by auction or by public tender.

The order of the Government regarding any matter contemplated in subparagraph 2 or 4 of the first paragraph must be tabled, within 15 days after it is made, in the National Assembly if it is in session or, if it is not sitting, within 15 days of the opening of the next session or resumption.

1984, c. 54, s. 28; 1999, c. 40, s. 284.

1999-04-01

28. In no case may the corporation, except with the authorization of the Government,

(1)  contract a loan that increases the aggregate of its outstanding loans to more than the amount determined by the Government;

(2)  enter into a contract for a term or an amount exceeding the term or amount determined by the Government;

(3)  accept a gift or legacy to which a charge or condition is attached;

(4)  acquire or hold shares of a legal person or an interest in a partnership;

(5)  dispose of an immovable otherwise than by a sale by auction or by public tender.

The order of the Government regarding any matter contemplated in subparagraph 2 or 4 of the first paragraph must be tabled, within 15 days after it is made, in the National Assembly if it is in session or, if it is not sitting, within 15 days of the opening of the next session or resumption.

1984, c. 54, s. 28.