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S-29.01 - Act respecting trust companies and savings companies
Section 169
Disposition versions
169. The Authority may dissolve a Québec company
(1) if it has remained inactive for at least two years from the date of its incorporation;
(2) if it has ceased to carry on its activities for more than one year;
(3) if it has failed to apply for the issue of a new licence within three months after the expiry of the suspension period of its licence or within three months after the date of cancellation of its licence.
169. The Authority may dissolve a Québec company
(1) if it has remained inactive for at least two years from the date of its incorporation;
(2) if it has ceased to carry on its activities for more than one year;
(3) if it has failed to apply for the renewal of its licence or, where such is the case, for the issue of a new licence within three months after the expiry of the suspension period of its licence, if it expires after 30 June, or within three months after the date of cancellation of its licence.
169. The Agency may dissolve a Québec company
(1) if it has remained inactive for at least two years from the date of its incorporation;
(2) if it has ceased to carry on its activities for more than one year;
(3) if it has failed to apply for the renewal of its licence or, where such is the case, for the issue of a new licence within three months after the expiry of the suspension period of its licence, if it expires after 30 June, or within three months after the date of cancellation of its licence.
169. The Inspector General may dissolve a Québec company
(1) if it has remained inactive for at least two years from the date of its incorporation;
(2) if it has ceased to carry on its activities for more than one year;
(3) if it has failed to apply for the renewal of its licence or, where such is the case, for the issue of a new licence within three months after the expiry of the suspension period of its licence, if it expires after 30 June, or within three months after the date of cancellation of its licence.
169. The Inspector General may dissolve a Québec company in accordance with sections 26 and 27 of the Companies Act (chapter C-38)
(1) if it has remained inactive for at least two years from the date of its incorporation;
(2) if it has ceased to carry on its activities for more than one year;
(3) if it has failed to apply for the renewal of its licence or, where such is the case, for the issue of a new licence within three months after the expiry of the suspension period of its licence, if it expires after 30 June, or within three months after the date of cancellation of its licence.
