Consolidated Statutes and Regulations Consolidated Statutes Consolidated Regulations Annual Statutes and Regulations Annual Statutes Annual Regulations Additional information Québec Official Publisher What’s new? Information note Policy of the Minister of Justice Laws: Amendments Laws: Provisions not in force Laws: Provisions brought into force Annual Statutes: PDF versions since 1996 Regulations: Amendments Annual Regulations: PDF versions since 1996 Court Decisions

V-1.1 - Securities Act

Section 215
Disposition versions

Full text
215. Every person who has disposed of securities in response to a take-over bid or issuer bid effected without a take-over bid or issuer bid circular may apply to have the disposal rescinded or the price revised, at his option. In addition, the plaintiff may claim damages from the offeror, its officers and its directors.
If a holder did not receive the take-over bid or issuer bid circular he was entitled to receive, he may claim damages from the offeror, its officers and its directors.
1982, c. 48, s. 215; 2006, c. 50, s. 67; 2007, c. 15, s. 4; 2006, c. 50, s. 67.
215. Every person who has disposed of securities in response to a take-over bid or issuer bid effected without the circular required under Title IV may apply to have the disposal rescinded or the price revised, at his option. In addition, the plaintiff may claim damages from the offeror, its officers and its directors.
If a holder did not receive the circular he was entitled to receive, he may claim damages from the offeror, its officers and its directors.
1982, c. 48, s. 215; 2006, c. 50, s. 67; 2007, c. 15, s. 4.
215. Every person who has transferred securities in response to a take-over bid or issuer bid effected without the circular required under Title IV may apply to have the transfer rescinded or the price revised, at his option. In addition, the plaintiff may claim damages from the offeror, its officers and its directors.
If a holder did not receive the circular he was entitled to receive, he may claim damages from the offeror, its officers and its directors.
1982, c. 48, s. 215; 2006, c. 50, s. 67.
215. Every person who has transferred securities in response to a take-over bid or issuer bid effected without the circular required under Title IV may apply to have the transfer rescinded or the price revised, at his option. In addition, the plaintiff may claim damages from the offeror and the senior executives of the offeror.
If a holder did not receive the circular he was entitled to receive, he may claim damages from the offeror and from the senior executives of the offeror.
1982, c. 48, s. 215.
© Gouvernement du Québec