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

Section 164
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164. The Government may, by regulation, designate other provisions of Part I of the Companies Act (chapter C-38) that are not applicable to it.
In the interpretation of the provisions of Part I of the Companies Act, the word “company” means the “federation” and the word “shareholder” means a member of such federation.
Where a provision of the said Part requires the vote of shareholders representing a given proportion of the share capital of a company, such provision must be interpreted as requiring, for the purposes of the application of section 163, a number of votes equal to the given proportion in value.
1981, c. 31, s. 164.
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