24.8. For the purposes of this Act, a legal person or partnership controlled by the Société is a subsidiary of the Société.
A legal person is controlled by the Société when the Société holds, directly or through legal persons it controls, more than 50% of the voting rights attached to the equity securities of the legal person or is in a position to elect a majority of its directors.
A partnership is controlled by the Société when the Société holds, directly or through legal persons it controls, more than 50% of the equity securities. However, a limited partnership is controlled by the Société when the Société or a legal person the Société controls is a general partner of the partnership.
2025, c. 22025, c. 2, s. 131.