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S-29.01 - Act respecting trust companies and savings companies
Section 349.1
Disposition versions
349.1. Following the establishment of facts brought to the attention of the Authority showing that a person or partnership has failed to comply with a provision of this Act or the regulations, the Authority may impose an administrative sanction on that person or partnership and collect payment of the sanction.
The amount of the sanction must be proportionate to the seriousness of the violation and may in no case exceed $1,000,000.
