337. The Inspector General or, at his request or if he is absent or unable to act, any person designated by the Minister may provisionally assume the administration of a company or, in the case of an extra-provincial company, take control or possession of its assets in Québec for a period of seven working days if he has reason to believe
(1) that the assets have been misappropriated or that there is an inexplicable deficiency in the assets;
(2) that there has been a serious offence, especially malfeasance or breach of trust by one or more directors, or that the board of directors has been seriously remiss in the performance of the obligations imposed upon it by this Act or the regulations of the Government thereunder or engages in administrative practices which endanger the rights of shareholders, depositors or beneficiaries or that the assets or controls over the assets are insufficient to provide adequate protection of the rights of the shareholders, depositors or beneficiaries.
The Inspector General or the person designated by the Minister may authorize any person to perform the functions contemplated in the first paragraph.