347. After receiving the report from the Minister, the Government may take one or more of the following measures:
(1) terminate the provisional administration or the control and possession of the assets;
(2) declare the directors of the company forfeited of office and order the holding of an special meeting of shareholders to elect new directors;
(3) order, on the conditions it determines, the winding-up of the company and appoint a liquidator.
Every member of the board of directors forfeited of office pursuant to this section is disqualified for office as a director for a period of five years.
1987, c. 95, s. 347; 1999, c. 40, s. 304.