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C-73 - Real Estate Brokerage Act

Section 16.1
Disposition versions

Full text
16.1. The bankruptcy of a person holding a broker’s permit or a registration certificate entails, by operation of law, the cancellation of the permit or registration certificate, as the case may be.
The bankruptcy of a person acting as the representative of a firm or corporation holding a broker’s permit or a registration certificate makes such person unable to act as a representative and suspends, by operation of law, the broker’s permit or the registration certificate of the firm or corporation. The Superintendent may revive the broker’s permit or the registration certificate if the firm or corporation designates a new representative in accordance with this Act.
1984, c. 47, s. 59.
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