59. The Board may refuse to issue a licence to a natural person who was an officer of a partnership or of a legal person in the 12 months preceding the bankruptcy of the partnership or legal person where the bankruptcy occurred less than three years before the date of the application.
It may also refuse to issue a licence where the natural person was an officer of a partnership or a legal person whose licence is suspended, has been cancelled or not renewed, under section 70, within less than three years or where the natural person held a licence so cancelled or not renewed.
This section applies to a natural person applying for a licence on behalf of a partnership or legal person.
1985, c. 34, s. 59; 1991, c. 74, s. 169; 2005, c. 22, s. 47.