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

Section 153
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153. The Minister may, upon the report of the administrator and after having obtained the opinion of the Autorité des marchés financiers,
(1)  remove the suspension of the powers of the board of directors;
(2)  dismiss from office the members of the board of directors and order that a special general meeting of the shareholders be held to proceed with the election of new directors;
(3)  order upon such conditions as he may determine the winding-up of the company and appoint a liquidator.
Any director so dismissed from office becomes disqualified to hold the office of director of any company for a period of five years from the date of the act alleged.
1981, c. 31, s. 153; 1982, c. 52, s. 240; 2002, c. 45, s. 564; 2004, c. 37, s. 90.
153. The Minister may, upon the report of the administrator and after having obtained the opinion of the Agence nationale d’encadrement du secteur financier,
(1)  remove the suspension of the powers of the board of directors;
(2)  dismiss from office the members of the board of directors and order that a special general meeting of the shareholders be held to proceed with the election of new directors;
(3)  order upon such conditions as he may determine the winding-up of the company and appoint a liquidator.
Any director so dismissed from office becomes disqualified to hold the office of director of any company for a period of five years from the date of the act alleged.
1981, c. 31, s. 153; 1982, c. 52, s. 240; 2002, c. 45, s. 564.
153. The Minister may, upon the report of the administrator and after having obtained the opinion of the Inspector General,
(1)  remove the suspension of the powers of the board of directors;
(2)  dismiss from office the members of the board of directors and order that a special general meeting of the shareholders be held to proceed with the election of new directors;
(3)  order upon such conditions as he may determine the winding-up of the company and appoint a liquidator.
Any director so dismissed from office becomes disqualified to hold the office of director of any company for a period of five years from the date of the act alleged.
1981, c. 31, s. 153; 1982, c. 52, s. 240.
153. The Minister, upon the report of the administrator, may
(1)  remove the suspension of the powers of the board of directors;
(2)  dismiss from office the members of the board of directors and order that a special general meeting of the shareholders be held to proceed with the election of new directors;
(3)  order upon such conditions as he may determine the winding-up of the company and appoint a liquidator.
Any director so dismissed from office becomes disqualified to hold the office of director of any company for a period of five years from the date of the act alleged.
1981, c. 31, s. 153.
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