M-36.1 - Act respecting Mobilité Infra Québec

Article 56 Versions de la disposition

2024-12-05

56. Mobilité Infra Québec may not, without the authorization of the Government,

1°  contract a loan that causes the total of its current outstanding loans to exceed the amount determined by the Government;

2°  make a financial commitment in excess of the limits or contrary to the terms determined by the Government;

3°  acquire or hold equity securities of a legal person or shares of a partnership in excess of the limits or contrary to the terms determined by the Government;

4°  dispose of equity securities of a legal person or of shares of a partnership in excess of the limits or contrary to the terms determined by the Government;

5°  acquire or dispose of other assets in excess of the limits or contrary to the terms determined by the Government; or

6°  accept a gift or legacy to which a charge or condition is attached.

Subparagraph 5 of the first paragraph does not apply to assets acquired under section 8.

This section applies to subsidiaries of Mobilité Infra Québec. However, it does not apply to transactions between Mobilité Infra Québec and its subsidiaries or between the subsidiaries.

2024, c. 40, s. 1.