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V-1.1 - Securities Act

Section 42
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42. The exemption provided for in paragraph 2 of section 41 presupposes the existence of one of the following conditions:
(1)  the person concerned has the power to levy a tax on landed property located in a Canadian province or territory;
(2)  the person concerned may issue debt only under the supervision of a department or public body established pursuant to an Act of Canada or of a Canadian province or territory;
(3)  the National Assembly votes annual appropriations for repayment of the debt and payment of interest.
1982, c. 48, s. 42; 1982, c. 62, s. 143; 1999, c. 40, s. 327; 2004, c. 37, s. 6.
42. The exemption provided for in paragraph 2 of section 41 presupposes the existence of one of the following conditions:
(1)  the person concerned has the power to levy a tax on landed property located in a Canadian province;
(2)  the person concerned may issue debt only under the supervision of a department or public body established pursuant to an Act of Canada or a Canadian province;
(3)  the National Assembly votes annual appropriations for repayment of the debt and payment of interest.
1982, c. 48, s. 42; 1982, c. 62, s. 143; 1999, c. 40, s. 327.
42. The exemption provided for in paragraph 2 of section 41 presupposes the existence of one of the following conditions:
(1)  the person concerned has the power to levy a tax on real estate located in a Canadian province;
(2)  the person concerned may issue debt only under the supervision of a department or public body established pursuant to an Act of Canada or a Canadian province;
(3)  the National Assembly votes annual appropriations for repayment of the debt and payment of interest.
1982, c. 48, s. 42; 1982, c. 62, s. 143.
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