Not in force
570. A transfer of the rights conferred by an authorization is without effect if the transfer is prohibited by the provisions of this Title or, if not, if the transfer was not carried out in compliance with the conditions set out in those provisions.
For the purposes of this Act, a change in the holder of control of the group that holds an authorization is considered a transfer of the rights conferred by the authorization. To determine whether there is a change in the holder of control, sections 6 and 9 to 12 of the Trust Companies and Savings Companies Act (chapter S-29.02) apply, with the necessary modifications.
2023, c. 342023, c. 34, s. 570.