S-3.5 - Private Security Act

Section 8 Disposition versions

2011-11-02

8. The owner of the enterprise, every partner or shareholder having a major interest in the enterprise and every director of the enterprise must be of good moral character and never have been convicted, in any place, of an offence for an act or omission that is an offence under the Criminal Code (R.S.C. 1985, c. C-46) or an offence referred to in section 183 of that Code under one of the Acts listed in that section and is related to the activity for which the agency licence application is filed, unless the person has obtained a pardon. If the owner or a partner or a shareholder of the enterprise is a partnership or a legal person, every partner or shareholder having a major interest in the partnership or legal person and every director of the partnership or legal person must meet the same conditions.

A partner holding more than 10% of the shares or a shareholder directly or indirectly holding more than 10% of the voting shares is considered to have a major interest in the enterprise.

2006, c. 23, s. 8; 2011, c. 23, s. 3.

2010-03-03

8. The owner of the enterprise, every partner or shareholder having a major interest in the enterprise and every director of the enterprise must be of good moral character and never have been convicted, in any place, of an offence for an act or omission that is an offence under the Criminal Code (Revised Statutes of Canada, 1985, chapter C-46) or an offence referred to in section 183 of that Code under one of the Acts listed in that section and is related to the activity for which the agency licence application is filed, unless the person has obtained a pardon.

A partner holding more than 10% of the shares or a shareholder directly or indirectly holding more than 10% of the voting shares is considered to have a major interest in the enterprise.

2006, c. 23, s. 8.