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S-25.1 - Act respecting the sociétés d’entraide économique

Section 113
Disposition versions

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113. Except with the authorization of the Autorité des marchés financiers and on such conditions as it may determine, no company may make any investment contemplated in section 112, other than an investment contemplated in section 124, if the total of its borrowings exceeds 1% of its deposit liabilities or any other higher percentage fixed by regulation, but not over 5%.
Any borrowing determined by regulation is deducted from the total of the company’s borrowings.
1981, c. 31, s. 113; 1982, c. 52, s. 246; 2002, c. 45, s. 564; 2004, c. 37, s. 90.
113. Except with the authorization of the Agence nationale d’encadrement du secteur financier and on such conditions as it may determine, no company may make any investment contemplated in section 112, other than an investment contemplated in section 124, if the total of its borrowings exceeds 1% of its deposit liabilities or any other higher percentage fixed by regulation, but not over 5%.
Any borrowing determined by regulation is deducted from the total of the company’s borrowings.
1981, c. 31, s. 113; 1982, c. 52, s. 246; 2002, c. 45, s. 564.
113. Except with the authorization of the Inspector General and on such conditions as he may determine, no company may make any investment contemplated in section 112, other than an investment contemplated in section 124, if the total of its borrowings exceeds 1% of its deposit liabilities or any other higher percentage fixed by regulation, but not over 5%.
Any borrowing determined by regulation is deducted from the total of the company’s borrowings.
1981, c. 31, s. 113; 1982, c. 52, s. 246.
113. Except with the authorization of the superintendent and on such conditions as he may determine, no company may make any investment contemplated in section 112, other than an investment contemplated in section 124, if the total of its borrowings exceeds 1% of its deposit liabilities or any other higher percentage fixed by regulation, but not over 5%.
Any borrowing determined by regulation is deducted from the total of the company’s borrowings.
1981, c. 31, s. 113.
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