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S-29.02 - Trust Companies and Savings Companies Act
Section 231
Disposition versions
231. On receipt of the application and the required documents and fees, in addition to publishing the notice of intention and reviewing the authorization under section 134, the Authority must prepare a report on the reasons for granting or denying the application.
The Authority must indicate in the report whether, in its opinion, the parties to a contract the regulated corporation has entered into in accordance with the authorization granted to it by the Authority, its other creditors and its shareholders will not suffer injury as a result of the continuance.
In force: 2019-06-13
231. On receipt of the application and the required documents and fees, in addition to publishing the notice of intention and reviewing the authorization under section 134, the Authority must prepare a report on the reasons for granting or denying the application.
The Authority must indicate in the report whether, in its opinion, the parties to a contract the regulated corporation has entered into in accordance with the authorization granted to it by the Authority, its other creditors and its shareholders will not suffer injury as a result of the continuance.
