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S-29.01 - Act respecting trust companies and savings companies
Section 267
Disposition versions
267. The auditor shall be disqualified to act as such where he or an associate or the spouse or child of either living with him or the associate
(1) is a director or officer of the company or of a legal person affiliated with it;
(2) holds, directly or indirectly, 10% or more of the voting shares of one class or of all the voting shares of the company or of a legal person affiliated with it or can control the election of a majority of the directors of the company or of a legal person affiliated with it;
(3) has been the sequestrator, liquidator or trustee in bankruptcy of any legal person affiliated with the company within the two years preceding his appointment as auditor.
The auditor is also disqualified from acting as such where he or an associate is an employee of the company or of a legal person affiliated with the company.
