S-30.01 - Act respecting public transit authorities

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92.0.10. For the purpose of carrying out a construction project referred to in the first paragraph of section 92.0.8, a subsidiary of the transit authority may, on the conditions determined by the Government, constitute any other business corporation with the third person referred to in that paragraph in order to take part in the project’s management.
The subsidiary may not provide any financing or suretyship to a business corporation constituted under the first paragraph, its contribution being restricted to the payment of the subscription price, which may not exceed $100, for shares in the business corporation.
No officer or director of the transit authority may be an officer or a director of the business corporation constituted under the first paragraph.
2024, c. 40, s. 42.